Chesapeake Capital Corp IL Sells 398 Shares of Barnes Group Inc. (NYSE:B)

Chesapeake Capital Corp IL lowered its stake in shares of Barnes Group Inc. (NYSE:B) by 4.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,397 shares of the industrial products company’s stock after selling 398 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Barnes Group were worth $374,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of B. GAMMA Investing LLC raised its holdings in Barnes Group by 17.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 238 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Barnes Group during the 1st quarter worth approximately $107,000. SG Americas Securities LLC bought a new stake in Barnes Group during the 3rd quarter worth approximately $178,000. QRG Capital Management Inc. bought a new stake in Barnes Group during the 1st quarter worth approximately $217,000. Finally, Intech Investment Management LLC bought a new stake in Barnes Group during the 2nd quarter worth approximately $277,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on B. DA Davidson reissued a “neutral” rating and set a $47.50 target price (down from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. StockNews.com initiated coverage on shares of Barnes Group in a research report on Monday. They set a “sell” rating for the company. Finally, Truist Financial increased their price target on shares of Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a research report on Tuesday, October 8th.

Barnes Group Price Performance

NYSE B opened at $46.68 on Monday. Barnes Group Inc. has a 52 week low of $25.39 and a 52 week high of $47.40. The company has a market cap of $2.38 billion, a PE ratio of -60.62, a price-to-earnings-growth ratio of 3.21 and a beta of 1.35. 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’s 50-day simple moving average is $43.50 and its two-hundred day simple moving average is $40.91.

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.