Natixis Advisors LLC Has $507,000 Position in Barnes Group Inc. (NYSE:B)

Natixis Advisors LLC lessened its position in Barnes Group Inc. (NYSE:B) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,733 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Natixis Advisors LLC’s holdings in Barnes Group were worth $507,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Simcoe Capital Management LLC acquired a new position in shares of Barnes Group during the 3rd quarter worth about $24,469,000. Alpine Associates Management Inc. bought a new position in Barnes Group in the fourth quarter valued at approximately $19,491,000. Strategic Financial Concepts LLC increased its position in shares of Barnes Group by 4,626.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 384,649 shares of the industrial products company’s stock worth $18,179,000 after purchasing an additional 376,510 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Barnes Group during the 4th quarter worth approximately $8,426,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Barnes Group by 18.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 974,536 shares of the industrial products company’s stock valued at $46,057,000 after buying an additional 153,612 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Barnes Group in a research report on Wednesday. They set a “sell” rating on the stock.

Barnes Group Stock Performance

B opened at $47.48 on Friday. 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 stock has a market cap of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.32. Barnes Group Inc. has a 12-month low of $32.65 and a 12-month high of $47.50. The business has a 50 day moving average of $47.47 and a 200-day moving average of $45.97.

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.