Vestcor Inc Invests $56,000 in Barnes Group Inc. (NYSE:B)

Vestcor Inc purchased a new position in shares of Barnes Group Inc. (NYSE:B) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,178 shares of the industrial products company’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in B. Simcoe Capital Management LLC bought a new stake in shares of Barnes Group during the 3rd quarter worth approximately $24,469,000. Alpine Associates Management Inc. bought a new stake in shares of Barnes Group during the 4th quarter worth approximately $19,491,000. Strategic Financial Concepts LLC lifted its holdings in shares of Barnes Group by 4,626.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 384,649 shares of the industrial products company’s stock worth $18,179,000 after acquiring an additional 376,510 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of Barnes Group during the 4th quarter worth approximately $8,426,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Barnes Group by 18.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 974,536 shares of the industrial products company’s stock worth $46,057,000 after acquiring an additional 153,612 shares during the period. Institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Barnes Group in a research note on Tuesday. They issued a “sell” rating for the company.

Barnes Group Price Performance

Shares of NYSE:B opened at $47.48 on Wednesday. The company has a market cap of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.32. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. The firm has a 50 day simple moving average of $47.44 and a 200 day simple moving average of $45.63. Barnes Group Inc. has a one year low of $32.65 and a one year high of $47.50.

About Barnes Group

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.