Varenne Capital Partners Takes Position in Barnes Group Inc. (NYSE:B)

Varenne Capital Partners acquired a new position in Barnes Group Inc. (NYSE:B) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,166 shares of the industrial products company’s stock, valued at approximately $1,520,000. Barnes Group accounts for approximately 0.4% of Varenne Capital Partners’ investment portfolio, making the stock its 15th biggest position. Varenne Capital Partners owned 0.06% of Barnes Group as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in Barnes Group by 117.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock worth $29,000 after buying an additional 336 shares during the period. Vestcor Inc purchased a new position in shares of Barnes Group during the fourth quarter worth approximately $56,000. KBC Group NV boosted its holdings in shares of Barnes Group by 52.4% in the fourth quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 752 shares during the period. Atria Investments Inc bought a new position in Barnes Group in the fourth quarter worth approximately $203,000. Finally, Cibc World Markets Corp purchased a new position in Barnes Group during the 4th quarter worth $205,000. Institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Barnes Group Stock Performance

NYSE B opened at $47.48 on Friday. 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 stock’s 50 day simple moving average is $47.47 and its 200-day simple moving average is $46.13. The company has a market cap of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32. Barnes Group Inc. has a 1-year low of $32.65 and a 1-year high of $47.50.

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.