Barnes Group Inc. (NYSE:B) Shares Acquired by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Barnes Group Inc. (NYSE:B) by 327.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 258,235 shares of the industrial products company’s stock after purchasing an additional 197,785 shares during the quarter. Barnes Group comprises about 2.1% of GABELLI & Co INVESTMENT ADVISERS INC.’s portfolio, making the stock its 15th biggest holding. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Barnes Group were worth $12,204,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Barnes Group by 2.1% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 559,772 shares of the industrial products company’s stock worth $26,455,000 after purchasing an additional 11,684 shares in the last quarter. Jane Street Group LLC lifted its holdings in Barnes Group by 22.9% in the third quarter. Jane Street Group LLC now owns 153,917 shares of the industrial products company’s stock worth $6,220,000 after purchasing an additional 28,649 shares during the period. JPMorgan Chase & Co. grew its position in Barnes Group by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,185 shares of the industrial products company’s stock valued at $3,725,000 after buying an additional 12,156 shares in the last quarter. Barclays PLC increased its stake in Barnes Group by 9.3% during the 3rd quarter. Barclays PLC now owns 132,462 shares of the industrial products company’s stock valued at $5,353,000 after buying an additional 11,279 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Barnes Group during the 4th quarter worth about $981,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Barnes Group in a report on Friday. They issued a “sell” rating for the company.

Barnes Group Price Performance

NYSE:B opened at $47.48 on Tuesday. Barnes Group Inc. has a 52-week low of $32.65 and a 52-week high of $47.50. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The firm has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. The business’s 50-day moving average price is $47.48 and its 200 day moving average price is $46.95.

Barnes Group Company Profile

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.