Connor Clark & Lunn Investment Management Ltd. Sells 5,241 Shares of Barnes Group Inc. (NYSE:B)

Connor Clark & Lunn Investment Management Ltd. lowered its holdings in shares of Barnes Group Inc. (NYSE:B) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,836 shares of the industrial products company’s stock after selling 5,241 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.35% of Barnes Group worth $7,308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Barnes Group by 17.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 238 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Barnes Group in the 3rd quarter worth $178,000. Quest Partners LLC purchased a new stake in Barnes Group in the third quarter worth about $248,000. QRG Capital Management Inc. raised its stake in Barnes Group by 4.1% during the 2nd quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 240 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Barnes Group during the 1st quarter valued at $253,000. Institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on B. DA Davidson reissued a “neutral” rating and issued a $47.50 target price (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th. Truist Financial increased their price target on Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Finally, StockNews.com started coverage on shares of Barnes Group in a research note on Monday, November 18th. They issued a “sell” rating on the stock.

Barnes Group Price Performance

NYSE B opened at $46.82 on Friday. The firm’s 50 day moving average price is $44.57 and its 200-day moving average price is $41.21. 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 company has a market cap of $2.39 billion, a PE ratio of -60.80, a P/E/G ratio of 3.43 and a beta of 1.35. Barnes Group Inc. has a 52-week low of $25.75 and a 52-week high of $47.40.

Barnes Group Company 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.