Moors & Cabot Inc. Has $422,000 Stake in Barnes Group Inc. (NYSE:B)

Moors & Cabot Inc. trimmed its holdings in shares of Barnes Group Inc. (NYSE:B) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,934 shares of the industrial products company’s stock after selling 500 shares during the period. Moors & Cabot Inc.’s holdings in Barnes Group were worth $422,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of B. Charles Schwab Investment Management Inc. lifted its holdings in Barnes Group by 18.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 974,536 shares of the industrial products company’s stock worth $46,057,000 after acquiring an additional 153,612 shares in the last quarter. Simcoe Capital Management LLC acquired a new stake in shares of Barnes Group during the third quarter worth about $24,469,000. Patriot Financial Group Insurance Agency LLC grew its position in shares of Barnes Group by 2.1% in the 4th 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 purchasing an additional 11,684 shares during the period. Fisher Asset Management LLC increased its stake in Barnes Group by 4.1% during the 3rd quarter. Fisher Asset Management LLC now owns 448,991 shares of the industrial products company’s stock worth $18,144,000 after purchasing an additional 17,643 shares in the last quarter. Finally, Alpine Associates Management Inc. acquired a new stake in Barnes Group during the 4th quarter worth approximately $19,491,000. 90.82% of the stock is owned by institutional investors.

Barnes Group Price Performance

NYSE B opened at $47.48 on Friday. The firm’s 50 day moving average is $47.43 and its 200-day moving average is $45.49. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32. Barnes Group Inc. has a 12-month low of $32.00 and a 12-month high of $47.50.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Barnes Group in a report on Monday, March 10th. They set a “sell” rating for the company.

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.