Rhumbline Advisers Cuts Stake in Barnes Group Inc. (NYSE:B)

Rhumbline Advisers trimmed its holdings in Barnes Group Inc. (NYSE:B) by 3.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,079 shares of the industrial products company’s stock after selling 4,783 shares during the quarter. Rhumbline Advisers’ holdings in Barnes Group were worth $6,715,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Roubaix Capital LLC increased its position in Barnes Group by 0.3% during the third quarter. Roubaix Capital LLC now owns 245,477 shares of the industrial products company’s stock valued at $9,920,000 after acquiring an additional 771 shares during the last quarter. QRG Capital Management Inc. raised its holdings 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 buying an additional 791 shares during the period. Easterly Investment Partners LLC raised its holdings in shares of Barnes Group by 49.1% in the third quarter. Easterly Investment Partners LLC now owns 41,180 shares of the industrial products company’s stock worth $1,664,000 after buying an additional 13,570 shares during the period. Geneva Capital Management LLC lifted its stake in shares of Barnes Group by 0.6% during the 3rd quarter. Geneva Capital Management LLC now owns 269,404 shares of the industrial products company’s stock worth $10,887,000 after acquiring an additional 1,509 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in Barnes Group by 2.8% during the 3rd quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock valued at $474,000 after acquiring an additional 323 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Barnes Group Price Performance

Barnes Group stock opened at $47.48 on Thursday. 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 P/E ratio of -61.66 and a beta of 1.32. Barnes Group Inc. has a twelve month low of $32.00 and a twelve month high of $47.50. The business has a fifty day moving average of $47.37 and a two-hundred day moving average of $44.72.

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.