Barnes Group Inc. (NYSE:B) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its position in Barnes Group Inc. (NYSE:B) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 180,836 shares of the industrial products company’s stock after selling 5,241 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Barnes Group were worth $7,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in B. GAMMA Investing LLC lifted its stake in Barnes Group by 17.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 238 shares during the period. SG Americas Securities LLC purchased a new stake in Barnes Group in the 3rd quarter worth approximately $178,000. Quest Partners LLC acquired a new stake in shares of Barnes Group during the 3rd quarter worth approximately $248,000. QRG Capital Management Inc. increased its holdings in Barnes Group by 4.1% in the second quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company’s stock valued at $251,000 after buying an additional 240 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Barnes Group during the 1st quarter valued at about $253,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Trading Up 0.2 %

B stock opened at $46.82 on Friday. Barnes Group Inc. has a 12-month low of $25.75 and a 12-month high of $47.40. The business’s 50-day moving average is $44.57 and its 200 day moving average is $41.21. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -60.80, a PEG ratio of 3.43 and a beta of 1.35.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Truist Financial upped their price target on Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a report on Tuesday, October 8th. StockNews.com assumed coverage on Barnes Group in a research note on Monday, November 18th. They set a “sell” rating for the company. Finally, DA Davidson reissued a “neutral” rating and issued a $47.50 price target (down previously from $52.00) on shares of Barnes Group in a research note on Monday, October 7th.

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.