Vestcor Inc Takes Position in Barnes Group Inc. (NYSE:B)

Vestcor Inc bought a new stake in Barnes Group Inc. (NYSE:B) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,178 shares of the industrial products company’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds also recently modified their holdings of B. Simcoe Capital Management LLC acquired a new position in Barnes Group in the 3rd quarter valued at about $24,469,000. Alpine Associates Management Inc. acquired a new position in Barnes Group in the 4th quarter valued at about $19,491,000. Strategic Financial Concepts LLC grew its stake in Barnes Group by 4,626.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 384,649 shares of the industrial products company’s stock valued at $18,179,000 after buying an additional 376,510 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in Barnes Group in the 4th quarter valued at about $8,426,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Barnes Group by 18.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 974,536 shares of the industrial products company’s stock valued at $46,057,000 after buying an additional 153,612 shares during the last quarter. 90.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Barnes Group in a research note on Tuesday. They issued a “sell” rating on the stock.

Barnes Group Stock Performance

Shares of NYSE:B opened at $47.48 on Wednesday. The company’s 50 day moving average price is $47.44 and its two-hundred day moving average price is $45.63. Barnes Group Inc. has a 12-month low of $32.65 and a 12-month high of $47.50. The firm has a market cap of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87.

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.