UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 4,541 Shares of Barnes Group Inc. (NYSE:B)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Barnes Group Inc. (NYSE:B) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,815 shares of the industrial products company’s stock after acquiring an additional 4,541 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Barnes Group worth $3,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of B. Renaissance Technologies LLC grew its holdings in Barnes Group by 158.2% during the second quarter. Renaissance Technologies LLC now owns 50,600 shares of the industrial products company’s stock worth $2,095,000 after buying an additional 31,000 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in Barnes Group by 9.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company’s stock worth $22,148,000 after buying an additional 47,821 shares in the last quarter. William B. Walkup & Associates Inc. bought a new stake in Barnes Group during the second quarter worth $714,000. Gabelli Funds LLC bought a new stake in Barnes Group during the second quarter worth $538,000. Finally, Jade Capital Advisors LLC bought a new stake in Barnes Group during the third quarter worth $606,000. Institutional investors own 90.82% of the company’s stock.

Barnes Group Trading Up 0.0 %

NYSE B opened at $47.05 on Friday. Barnes Group Inc. has a fifty-two week low of $28.39 and a fifty-two week high of $47.40. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. The stock has a 50 day simple moving average of $46.72 and a two-hundred day simple moving average of $41.90. The stock has a market cap of $2.40 billion, a P/E ratio of -61.10 and a beta of 1.34.

Analyst Ratings Changes

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

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.