Public Sector Pension Investment Board Lowers Stake in Barnes Group Inc. (NYSE:B)

Public Sector Pension Investment Board lessened its position in Barnes Group Inc. (NYSE:B) by 13.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,941 shares of the industrial products company’s stock after selling 14,600 shares during the period. Public Sector Pension Investment Board owned about 0.19% of Barnes Group worth $3,917,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Westwood Holdings Group Inc. acquired a new stake in Barnes Group in the 2nd quarter worth about $32,576,000. AYAL Capital Advisors Ltd purchased a new stake in Barnes Group in the second quarter valued at approximately $12,166,000. Mason Capital Management LLC increased its position in Barnes Group by 32.9% during the second quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company’s stock worth $43,484,000 after purchasing an additional 259,957 shares during the last quarter. Roubaix Capital LLC raised its stake in Barnes Group by 35.2% during the second quarter. Roubaix Capital LLC now owns 244,706 shares of the industrial products company’s stock worth $10,133,000 after purchasing an additional 63,755 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Barnes Group by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,587,611 shares of the industrial products company’s stock valued at $148,565,000 after purchasing an additional 60,152 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

B has been the subject of a number of research analyst reports. StockNews.com assumed coverage on Barnes Group in a report on Tuesday, November 26th. They set a “sell” rating for the company. DA Davidson restated a “neutral” rating and set a $47.50 price target (down from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. Finally, Truist Financial lifted their price objective on Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a research note on Tuesday, October 8th.

Barnes Group Stock Up 0.2 %

Shares of Barnes Group stock opened at $46.95 on Tuesday. The company has a fifty day moving average price of $45.39 and a 200 day moving average price of $41.52. 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 twelve month low of $26.95 and a twelve month high of $47.40. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -61.49, a price-to-earnings-growth ratio of 3.36 and a beta of 1.35.

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.