Charles Schwab Investment Management Inc. lessened its stake in Barnes Group Inc. (NYSE:B - Free Report) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 820,924 shares of the industrial products company's stock after selling 22,574 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.61% of Barnes Group worth $33,174,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Barnes Group by 17.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company's stock worth $66,000 after purchasing an additional 238 shares during the period. SG Americas Securities LLC bought a new stake in shares of Barnes Group during the 3rd quarter valued at $178,000. Quest Partners LLC bought a new stake in shares of Barnes Group during the 3rd quarter valued at $248,000. QRG Capital Management Inc. grew its position in shares of Barnes Group by 4.1% during the 2nd quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company's stock valued at $251,000 after acquiring an additional 240 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of Barnes Group during the 2nd quarter valued at $277,000. Institutional investors own 90.82% of the company's stock.
Barnes Group Price Performance
B stock traded down $0.05 during mid-day trading on Wednesday, hitting $47.01. The company had a trading volume of 714,581 shares, compared to its average volume of 436,152. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of -61.12 and a beta of 1.34. Barnes Group Inc. has a 12-month low of $27.21 and a 12-month high of $47.40. 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 company has a 50-day moving average price of $45.68 and a 200 day moving average price of $41.61.
Wall Street Analyst Weigh In
B has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of Barnes Group from $38.00 to $47.50 and gave the stock a "hold" rating in a report on Tuesday, October 8th. StockNews.com initiated coverage on shares of Barnes Group in a report on Wednesday. They issued a "sell" rating for the company. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $47.50 target price (down previously from $52.00) on shares of Barnes Group in a report on Monday, October 7th.
Read Our Latest Stock Analysis on Barnes Group
About Barnes Group
(
Free Report)
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.
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