Jacobs Levy Equity Management Inc. Decreases Stock Holdings in Barnes Group Inc. (NYSE:B)

Jacobs Levy Equity Management Inc. reduced its stake in shares of Barnes Group Inc. (NYSE:B - Free Report) by 17.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,549 shares of the industrial products company's stock after selling 46,774 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.44% of Barnes Group worth $9,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in Barnes Group by 17.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company's stock worth $66,000 after acquiring an additional 238 shares in the last quarter. QRG Capital Management Inc. increased its stake in Barnes Group by 4.1% in the second quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company's stock valued at $251,000 after purchasing an additional 240 shares during the period. Texas Permanent School Fund Corp increased its stake in Barnes Group by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 44,613 shares of the industrial products company's stock valued at $1,847,000 after purchasing an additional 263 shares during the period. Natixis Advisors LLC increased its stake in Barnes Group by 2.8% in the third quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company's stock valued at $474,000 after purchasing an additional 323 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Barnes Group by 3.1% in the third quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company's stock valued at $469,000 after purchasing an additional 348 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barnes Group Stock Performance

Shares of Barnes Group stock traded up $0.03 on Friday, reaching $46.98. 508,750 shares of the stock were exchanged, compared to its average volume of 437,016. Barnes Group Inc. has a 1-year low of $27.84 and a 1-year high of $47.40. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. The business has a fifty day moving average price of $45.99 and a two-hundred day moving average price of $41.68. The firm has a market capitalization of $2.39 billion, a PE ratio of -61.06 and a beta of 1.34.

Analyst Upgrades and Downgrades

A number of research firms have commented on B. StockNews.com began coverage on shares of Barnes Group in a research note on Wednesday. They issued a "sell" rating on the stock. Truist Financial lifted their price objective on shares of Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a research note on Tuesday, October 8th. Finally, DA Davidson restated a "neutral" rating and issued a $47.50 price objective (down from $52.00) on shares of Barnes Group in a research note on Monday, October 7th.

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.