Barnes Group Inc. (NYSE:B) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in Barnes Group Inc. (NYSE:B) by 10.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,820 shares of the industrial products company’s stock after selling 18,016 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.32% of Barnes Group worth $7,695,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its position in Barnes Group by 117.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 336 shares during the period. KBC Group NV boosted its stake in Barnes Group by 52.4% during the fourth quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock valued at $103,000 after buying an additional 752 shares in the last quarter. Atria Investments Inc acquired a new position in Barnes Group during the fourth quarter worth about $203,000. Modera Wealth Management LLC bought a new stake in Barnes Group in the fourth quarter worth about $220,000. Finally, Cable Hill Partners LLC acquired a new stake in Barnes Group in the 4th quarter valued at about $223,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Price Performance

NYSE B opened at $47.48 on Friday. 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 company has a market cap of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32. The stock’s 50-day moving average price is $47.43 and its two-hundred day moving average price is $45.49.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Barnes Group in a research note 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.