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

Geneva Capital Management LLC lessened its holdings in Barnes Group Inc. (NYSE:B) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 266,684 shares of the industrial products company’s stock after selling 2,720 shares during the period. Geneva Capital Management LLC owned about 0.52% of Barnes Group worth $12,604,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Barnes Group by 2.1% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 559,772 shares of the industrial products company’s stock worth $26,455,000 after acquiring an additional 11,684 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Barnes Group by 22.9% during the third quarter. Jane Street Group LLC now owns 153,917 shares of the industrial products company’s stock worth $6,220,000 after acquiring an additional 28,649 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Barnes Group by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 92,185 shares of the industrial products company’s stock valued at $3,725,000 after buying an additional 12,156 shares in the last quarter. Barclays PLC raised its holdings in Barnes Group by 9.3% during the third quarter. Barclays PLC now owns 132,462 shares of the industrial products company’s stock valued at $5,353,000 after buying an additional 11,279 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Barnes Group during the third quarter valued at about $432,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barnes Group Price Performance

NYSE B opened at $47.48 on Thursday. Barnes Group Inc. has a fifty-two week low of $32.00 and a fifty-two week high of $47.50. The stock’s 50-day moving average is $47.39 and its two-hundred day moving average is $45.04. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. The firm has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32.

Wall Street Analysts Forecast Growth

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

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.