Barnes Group Inc. (NYSE:B) Holdings Decreased by Harfst & Associates Inc.

Harfst & Associates Inc. decreased its holdings in shares of Barnes Group Inc. (NYSE:B) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,884 shares of the industrial products company’s stock after selling 18,755 shares during the quarter. Barnes Group accounts for approximately 1.1% of Harfst & Associates Inc.’s holdings, making the stock its 11th biggest position. Harfst & Associates Inc.’s holdings in Barnes Group were worth $5,240,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of B. Simcoe Capital Management LLC purchased a new position in shares of Barnes Group during the third quarter valued at $24,469,000. Strategic Financial Concepts LLC grew its holdings in shares of Barnes Group by 4,626.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 384,649 shares of the industrial products company’s stock valued at $18,179,000 after buying an additional 376,510 shares in the last quarter. Alberta Investment Management Corp purchased a new position in shares of Barnes Group during the fourth quarter valued at $5,199,000. Verition Fund Management LLC purchased a new position in shares of Barnes Group during the third quarter valued at $3,975,000. Finally, Readystate Asset Management LP purchased a new position in Barnes Group in the third quarter valued at about $2,065,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Barnes Group in a research note on Saturday, February 22nd. They issued a “sell” rating on the stock.

Barnes Group Stock Performance

Shares of NYSE B opened at $47.48 on Thursday. The business’s 50-day moving average price is $47.37 and its two-hundred day moving average price is $44.72. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. Barnes Group Inc. has a one year low of $32.00 and a one year high of $47.50. The company has a market capitalization of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32.

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.