Barnes Group Inc. (NYSE:B) Shares Acquired by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Barnes Group Inc. (NYSE:B) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 559,772 shares of the industrial products company’s stock after purchasing an additional 11,684 shares during the period. Barnes Group makes up 3.5% of Patriot Financial Group Insurance Agency LLC’s investment portfolio, making the stock its 2nd largest holding. Patriot Financial Group Insurance Agency LLC owned about 1.10% of Barnes Group worth $26,455,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of Barnes Group by 158.2% during the second quarter. Renaissance Technologies LLC now owns 50,600 shares of the industrial products company’s stock worth $2,095,000 after acquiring an additional 31,000 shares during the period. Jane Street Group LLC increased its stake in shares of Barnes Group by 22.9% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Barnes Group by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 92,185 shares of the industrial products company’s stock worth $3,725,000 after acquiring an additional 12,156 shares during the last quarter. William B. Walkup & Associates Inc. acquired a new position in Barnes Group in the 2nd quarter valued at about $714,000. Finally, Barclays PLC boosted its position in Barnes Group by 9.3% during the third quarter. Barclays PLC now owns 132,462 shares of the industrial products company’s stock worth $5,353,000 after acquiring an additional 11,279 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Ratings Changes

B has been the topic of several recent analyst reports. DA Davidson reiterated a “neutral” rating and set a $47.50 target price (down from $52.00) on shares of Barnes Group in a research report on Monday, October 7th. Truist Financial upped their price objective on Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Finally, StockNews.com started coverage on Barnes Group in a research report on Tuesday, January 21st. They set a “sell” rating for the company.

Barnes Group Price Performance

B stock opened at $47.48 on Tuesday. The firm has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. Barnes Group Inc. has a 1 year low of $32.00 and a 1 year high of $47.50. The stock has a 50-day simple moving average of $47.13 and a 200-day simple moving average of $43.69. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28.

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.