JPMorgan Chase & Co. Increases Holdings in Barnes Group Inc. (NYSE:B)

JPMorgan Chase & Co. grew its stake in Barnes Group Inc. (NYSE:B - Free Report) by 15.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 92,185 shares of the industrial products company's stock after purchasing an additional 12,156 shares during the quarter. JPMorgan Chase & Co. owned about 0.18% of Barnes Group worth $3,725,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Westwood Holdings Group Inc. bought a new stake in Barnes Group in the second quarter valued at approximately $32,576,000. Simcoe Capital Management LLC acquired a new stake in Barnes Group during the 3rd quarter worth $24,469,000. AYAL Capital Advisors Ltd bought a new position in Barnes Group during the second quarter worth about $12,166,000. Mason Capital Management LLC grew its stake in Barnes Group by 32.9% in the second quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company's stock valued at $43,484,000 after acquiring an additional 259,957 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of Barnes Group in the third quarter worth about $3,975,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Barnes Group Stock Up 0.0 %

Shares of Barnes Group stock traded up $0.01 on Friday, hitting $47.32. 1,000,402 shares of the company's stock traded hands, compared to its average volume of 633,307. Barnes Group Inc. has a one year low of $30.18 and a one year high of $47.43. 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 fifty day moving average of $47.04 and a two-hundred day moving average of $43.38.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on B. DA Davidson reissued a "neutral" rating and set a $47.50 price objective (down previously from $52.00) on shares of Barnes Group in a research report on Monday, October 7th. StockNews.com began coverage on Barnes Group in a report on Monday, January 13th. They set a "sell" rating for the company. Finally, Truist Financial boosted their price target on Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a report on Tuesday, October 8th.

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.