Geneva Capital Management LLC Has $12.60 Million Stock Holdings in Barnes Group Inc. (NYSE:B)

Geneva Capital Management LLC cut its position in shares of Barnes Group Inc. (NYSE:B) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 266,684 shares of the industrial products company’s stock after selling 2,720 shares during the quarter. Geneva Capital Management LLC’s holdings in Barnes Group were worth $12,604,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in B. QRG Capital Management Inc. grew its position in Barnes Group by 13.0% during the third quarter. QRG Capital Management Inc. now owns 6,864 shares of the industrial products company’s stock worth $277,000 after buying an additional 791 shares in the last quarter. Easterly Investment Partners LLC boosted its holdings in Barnes Group by 49.1% during the third quarter. Easterly Investment Partners LLC now owns 41,180 shares of the industrial products company’s stock valued at $1,664,000 after purchasing an additional 13,570 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Barnes Group by 2.8% during the third quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 323 shares in the last quarter. Quest Partners LLC acquired a new stake in Barnes Group during the third quarter valued at approximately $248,000. Finally, Intech Investment Management LLC boosted its holdings in Barnes Group by 153.8% during the third quarter. Intech Investment Management LLC now owns 16,964 shares of the industrial products company’s stock valued at $686,000 after purchasing an additional 10,279 shares in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Barnes Group in a report on Sunday. They set a “sell” rating on the stock.

Barnes Group Price Performance

NYSE B opened at $47.48 on Thursday. The company 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 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 1-year low of $32.00 and a 1-year high of $47.50. The stock’s 50 day moving average is $47.39 and its two-hundred day moving average is $45.04.

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.