WINTON GROUP Ltd Invests $2.65 Million in Barnes Group Inc. (NYSE:B)

WINTON GROUP Ltd acquired a new stake in Barnes Group Inc. (NYSE:B) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 56,164 shares of the industrial products company’s stock, valued at approximately $2,654,000. WINTON GROUP Ltd owned about 0.11% of Barnes Group at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in B. Smartleaf Asset Management LLC increased its position in shares of Barnes Group by 117.9% in the 4th 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 in the last quarter. Vestcor Inc bought a new stake in shares of Barnes Group in the fourth quarter worth about $56,000. KBC Group NV increased its holdings in shares of Barnes Group by 52.4% in the fourth 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 in the last quarter. Atria Investments Inc bought a new position in shares of Barnes Group during the 4th quarter valued at about $203,000. Finally, Cibc World Markets Corp acquired a new position in shares of Barnes Group in the 4th quarter valued at approximately $205,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Barnes Group in a research note on Wednesday. They issued a “sell” rating on the stock.

Barnes Group Price Performance

NYSE:B opened at $47.48 on Friday. The stock has a 50-day simple moving average of $47.47 and a 200 day simple moving average of $45.97. Barnes Group Inc. has a 52-week low of $32.65 and a 52-week high of $47.50. The company has a market cap of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32. 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 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.