Loomis Sayles & Co. L P Acquires 26,417 Shares of Barnes Group Inc. (NYSE:B)

Loomis Sayles & Co. L P increased its holdings in Barnes Group Inc. (NYSE:B) by 12.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 238,401 shares of the industrial products company’s stock after buying an additional 26,417 shares during the period. Loomis Sayles & Co. L P’s holdings in Barnes Group were worth $9,634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of B. Vanguard Group Inc. raised its holdings in Barnes Group by 3.8% in the first quarter. Vanguard Group Inc. now owns 5,689,535 shares of the industrial products company’s stock worth $211,366,000 after purchasing an additional 206,351 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Barnes Group by 1.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 41,904 shares of the industrial products company’s stock worth $1,555,000 after acquiring an additional 581 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Barnes Group by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,079 shares of the industrial products company’s stock valued at $1,192,000 after acquiring an additional 1,672 shares during the last quarter. QRG Capital Management Inc. lifted its position in Barnes Group by 4.1% during the second quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company’s stock valued at $251,000 after acquiring an additional 240 shares during the last quarter. Finally, S. R. Schill & Associates acquired a new stake in Barnes Group in the second quarter valued at approximately $349,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com assumed coverage on Barnes Group in a report on Tuesday. They set a “sell” rating for the company. DA Davidson reaffirmed a “neutral” rating and set a $47.50 target price (down from $52.00) on shares of Barnes Group in a research report on Monday, October 7th. Finally, Truist Financial raised 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.

Barnes Group Trading Up 0.0 %

NYSE:B opened at $46.86 on Thursday. The company has a market capitalization of $2.39 billion, a P/E ratio of -60.86, a PEG ratio of 3.37 and a beta of 1.35. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. Barnes Group Inc. has a 12 month low of $25.75 and a 12 month high of $47.40. The firm has a fifty day simple moving average of $44.93 and a 200-day simple moving average of $41.38.

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.