Blueshift Asset Management LLC Buys Shares of 6,279 Barnes Group Inc. (NYSE:B)

Blueshift Asset Management LLC purchased a new position in shares of Barnes Group Inc. (NYSE:B) in the 4th quarter, Holdings Channel.com reports. The firm purchased 6,279 shares of the industrial products company’s stock, valued at approximately $297,000.

Other hedge funds have also recently modified their holdings of the company. Natixis Advisors LLC raised its holdings in Barnes Group by 2.8% during 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. Quest Partners LLC purchased a new position in shares of Barnes Group during the 3rd quarter worth approximately $248,000. Intech Investment Management LLC lifted its holdings in shares of Barnes Group by 153.8% in the 3rd quarter. Intech Investment Management LLC now owns 16,964 shares of the industrial products company’s stock valued at $686,000 after buying an additional 10,279 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Barnes Group by 4.1% in the 3rd quarter. Fisher Asset Management LLC now owns 448,991 shares of the industrial products company’s stock valued at $18,144,000 after buying an additional 17,643 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Barnes Group by 12.5% in the third quarter. Loomis Sayles & Co. L P now owns 238,401 shares of the industrial products company’s stock valued at $9,634,000 after buying an additional 26,417 shares in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Barnes Group Stock Performance

Shares of Barnes Group stock opened at $47.48 on Friday. The company has a 50-day moving average of $47.46 and a two-hundred day moving average of $45.70. Barnes Group Inc. has a 12-month low of $32.65 and a 12-month high of $47.50. 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 PE ratio of -61.66 and a beta of 1.32.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Barnes Group in a report on Tuesday. They issued a “sell” rating for the company.

About Barnes Group

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.