Alberta Investment Management Corp Invests $5.20 Million in Barnes Group Inc. (NYSE:B)

Alberta Investment Management Corp bought a new position in Barnes Group Inc. (NYSE:B) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 110,000 shares of the industrial products company’s stock, valued at approximately $5,199,000.

Other hedge funds also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Barnes Group by 2.1% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 559,772 shares of the industrial products company’s stock worth $26,455,000 after acquiring an additional 11,684 shares during the period. Jane Street Group LLC lifted its stake in shares of Barnes Group by 22.9% in the third quarter. Jane Street Group LLC now owns 153,917 shares of the industrial products company’s stock valued at $6,220,000 after purchasing an additional 28,649 shares during the period. JPMorgan Chase & Co. lifted its stake 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 valued at $3,725,000 after purchasing an additional 12,156 shares during the period. Barclays PLC lifted its stake in shares of Barnes Group by 9.3% in the third quarter. Barclays PLC now owns 132,462 shares of the industrial products company’s stock valued at $5,353,000 after purchasing an additional 11,279 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Barnes Group in the third quarter valued at about $432,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Stock Performance

Shares of B opened at $47.48 on Thursday. 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 stock has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. The company has a 50-day moving average of $47.33 and a two-hundred day moving average of $44.36. Barnes Group Inc. has a 12-month low of $32.00 and a 12-month high of $47.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Barnes Group in a research note on Friday, February 14th. They issued a “sell” rating for the company.

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.