Gabelli Funds LLC Increases Holdings in Barnes Group Inc. (NYSE:B)

Gabelli Funds LLC lifted its holdings in shares of Barnes Group Inc. (NYSE:B) by 285.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 336,276 shares of the industrial products company’s stock after buying an additional 249,002 shares during the period. Gabelli Funds LLC’s holdings in Barnes Group were worth $15,892,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Barnes Group by 9.3% during the third quarter. Barclays PLC now owns 132,462 shares of the industrial products company’s stock worth $5,353,000 after purchasing an additional 11,279 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Barnes Group by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,185 shares of the industrial products company’s stock valued at $3,725,000 after buying an additional 12,156 shares during the last quarter. KBC Group NV raised its stake in 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 acquiring an additional 752 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in Barnes Group by 2.1% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 559,772 shares of the industrial products company’s stock valued at $26,455,000 after acquiring an additional 11,684 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake in Barnes Group by 4,626.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 384,649 shares of the industrial products company’s stock valued at $18,179,000 after acquiring an additional 376,510 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barnes Group Stock Performance

Shares of Barnes Group stock opened at $47.48 on Wednesday. The firm’s fifty day simple moving average is $47.48 and its 200-day simple moving average is $46.95. Barnes Group Inc. has a 12 month low of $32.65 and a 12 month 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 company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Barnes Group in a research report on Friday, April 11th. They set a “sell” rating on the stock.

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.