107,224 Shares in Barnes Group Inc. (NYSE:B) Bought by New York Life Investment Management LLC

New York Life Investment Management LLC purchased a new position in Barnes Group Inc. (NYSE:B) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 107,224 shares of the industrial products company’s stock, valued at approximately $5,067,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Natixis Advisors LLC grew its stake in shares of Barnes Group by 2.8% in the third quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock worth $474,000 after purchasing an additional 323 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Barnes Group by 3.1% in the third quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock worth $469,000 after purchasing an additional 348 shares in the last quarter. KBC Group NV grew its stake in shares of Barnes Group by 52.4% in the fourth quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 752 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Barnes Group by 13.0% in the third quarter. QRG Capital Management Inc. now owns 6,864 shares of the industrial products company’s stock worth $277,000 after purchasing an additional 791 shares in the last quarter. Finally, Geneva Capital Management LLC grew its stake in shares of Barnes Group by 0.6% in the third quarter. Geneva Capital Management LLC now owns 269,404 shares of the industrial products company’s stock worth $10,887,000 after purchasing an additional 1,509 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Barnes Group Stock Performance

Shares of Barnes Group stock opened at $47.48 on Friday. 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 firm has a market cap of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.32. The business has a fifty day simple moving average of $47.38 and a 200-day simple moving average of $44.81. Barnes Group Inc. has a fifty-two week low of $32.00 and a fifty-two week high of $47.50.

Analyst Upgrades and Downgrades

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

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.