Barnes Group Inc. (NYSE:B) Shares Acquired by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in shares of Barnes Group Inc. (NYSE:B) by 327.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,235 shares of the industrial products company’s stock after purchasing an additional 197,785 shares during the period. Barnes Group makes up 2.1% of GABELLI & Co INVESTMENT ADVISERS INC.’s portfolio, making the stock its 15th biggest position. GABELLI & Co INVESTMENT ADVISERS INC. owned 0.51% of Barnes Group worth $12,204,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of Barnes Group by 117.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock valued at $29,000 after buying an additional 336 shares during the last quarter. Vestcor Inc acquired a new stake in Barnes Group in the fourth quarter valued at $56,000. Sterling Capital Management LLC boosted its stake in Barnes Group by 820.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,463 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 1,304 shares during the last quarter. KBC Group NV grew its holdings in Barnes Group by 52.4% during the 4th quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 752 shares in the last quarter. Finally, Atria Investments Inc bought a new stake in shares of Barnes Group in the 4th quarter worth about $203,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

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

Barnes Group Price Performance

B stock opened at $47.48 on Tuesday. 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 1-year low of $32.65 and a 1-year high of $47.50. The firm has a fifty day moving average price of $47.48 and a two-hundred day moving average price of $46.95. The firm has a market cap of $2.42 billion, a price-to-earnings 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.