Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.41 Million Stake in Barnes Group Inc. (NYSE:B)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Barnes Group Inc. (NYSE:B) by 205.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,787 shares of the industrial products company’s stock after buying an additional 20,021 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.06% of Barnes Group worth $1,408,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in B. Smartleaf Asset Management LLC raised its position in Barnes Group by 117.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 336 shares in the last quarter. Vestcor Inc acquired a new position in shares of Barnes Group during the 4th quarter worth $56,000. KBC Group NV lifted its position in shares of 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 buying an additional 752 shares during the last quarter. Atria Investments Inc acquired a new stake in Barnes Group in the fourth quarter valued at about $203,000. Finally, Cibc World Markets Corp bought a new position in Barnes Group in the fourth quarter valued at about $205,000. Institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Barnes Group in a report on Wednesday. They issued a “sell” rating for the company.

Barnes Group Price Performance

Shares of B opened at $47.48 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. Barnes Group Inc. has a 52 week low of $32.65 and a 52 week high of $47.50. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.32. The stock has a fifty day moving average of $47.46 and a 200-day moving average of $45.95.

About Barnes Group

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.