Barnes Group Inc. (NYSE:B) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board decreased its holdings in shares of Barnes Group Inc. (NYSE:B - Free Report) by 13.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,941 shares of the industrial products company's stock after selling 14,600 shares during the quarter. Public Sector Pension Investment Board owned about 0.19% of Barnes Group worth $3,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings 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 during the period. SG Americas Securities LLC bought a new stake in Barnes Group during the third quarter valued at $178,000. Quest Partners LLC bought a new position in Barnes Group in the 3rd quarter worth about $248,000. QRG Capital Management Inc. boosted 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 last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Barnes Group in the second quarter worth approximately $277,000. Institutional investors own 90.82% of the company's stock.

Barnes Group Stock Up 0.3 %

B stock traded up $0.12 during trading on Tuesday, reaching $47.06. 335,714 shares of the company traded hands, compared to its average volume of 434,957. Barnes Group Inc. has a 12 month low of $26.95 and a 12 month high of $47.40. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -61.00 and a beta of 1.34. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. The business has a 50 day simple moving average of $45.54 and a 200 day simple moving average of $41.56.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. StockNews.com assumed coverage on shares of Barnes Group in a research report on Tuesday, November 26th. They issued a "sell" rating on the stock. DA Davidson reissued a "neutral" rating and issued a $47.50 target price (down from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. Finally, Truist Financial raised their target price on shares of Barnes Group from $38.00 to $47.50 and gave the stock a "hold" rating in a research 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.