JPMorgan Chase & Co. Acquires 258,748 Shares of Barnes Group Inc. (NYSE:B)

JPMorgan Chase & Co. raised its holdings in shares of Barnes Group Inc. (NYSE:B) by 280.7% in the 4th quarter, HoldingsChannel reports. The firm owned 350,933 shares of the industrial products company’s stock after buying an additional 258,748 shares during the period. JPMorgan Chase & Co.’s holdings in Barnes Group were worth $16,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its holdings in Barnes Group by 5.4% in the 4th quarter. LPL Financial LLC now owns 5,591 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 285 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Barnes Group by 117.9% in the fourth 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 period. BNP Paribas Financial Markets grew its position in Barnes Group by 3.1% during the third quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock worth $469,000 after buying an additional 348 shares in the last quarter. KBC Group NV increased its stake 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 during the period. Finally, Swiss National Bank raised its holdings in Barnes Group by 1.0% in the 4th quarter. Swiss National Bank now owns 95,000 shares of the industrial products company’s stock valued at $4,490,000 after acquiring an additional 900 shares in the last quarter. 90.82% of the stock is owned by institutional investors.

Barnes Group Stock Performance

Shares of Barnes Group stock opened at $47.48 on Friday. The business has a 50-day simple moving average of $47.48 and a 200 day simple moving average of $46.84. Barnes Group Inc. has a one year low of $32.65 and a one year high of $47.50. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.32.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Barnes Group in a report on Friday. They issued a “sell” rating on the stock.

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.