Grantham Mayo Van Otterloo & Co. LLC Makes New Investment in Barnes Group Inc. (NYSE:B)

Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Barnes Group Inc. (NYSE:B) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 206,687 shares of the industrial products company’s stock, valued at approximately $9,768,000.

Several other large investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its holdings in Barnes Group by 117.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock worth $29,000 after buying an additional 336 shares in the last quarter. Vestcor Inc bought a new stake in shares of Barnes Group in the fourth quarter worth approximately $56,000. KBC Group NV raised its holdings in shares of Barnes Group by 52.4% during the fourth quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 752 shares during the last quarter. Atria Investments Inc bought a new position in Barnes Group during the fourth quarter valued at approximately $203,000. Finally, Cibc World Markets Corp purchased a new stake in Barnes Group in the fourth quarter worth approximately $205,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Barnes Group in a report on Thursday. They set a “sell” rating for the company.

Barnes Group Price Performance

NYSE:B opened at $47.48 on Monday. The business’s 50-day simple moving average is $47.48 and its two-hundred day simple moving average is $46.55. Barnes Group Inc. has a 52 week low of $32.65 and a 52 week high of $47.50. The stock has a market cap of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87.

Barnes Group 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.