Barnes Group Inc. (B) Position Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Barnes Group Inc. (NYSE:B) by 0.3% during the 4th quarter, HoldingsChannel reports. The fund owned 620,043 shares of the industrial products company’s stock after selling 1,883 shares during the quarter. Victory Capital Management Inc.’s holdings in Barnes Group were worth $39,230,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Barnes Group by 47.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,095 shares of the industrial products company’s stock valued at $196,000 after acquiring an additional 1,003 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Barnes Group by 2,284.0% in the fourth quarter. Bessemer Group Inc. now owns 3,123 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 2,992 shares in the last quarter. Congress Asset Management Co. MA boosted its holdings in Barnes Group by 3.5% in the fourth quarter. Congress Asset Management Co. MA now owns 1,216,387 shares of the industrial products company’s stock valued at $76,961,000 after acquiring an additional 41,104 shares in the last quarter. APG Asset Management N.V. boosted its holdings in Barnes Group by 80.5% in the fourth quarter. APG Asset Management N.V. now owns 74,000 shares of the industrial products company’s stock valued at $3,899,000 after acquiring an additional 33,000 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Barnes Group by 68.0% in the fourth quarter. SG Americas Securities LLC now owns 5,121 shares of the industrial products company’s stock valued at $324,000 after acquiring an additional 2,073 shares in the last quarter. Institutional investors and hedge funds own 87.23% of the company’s stock.

A number of brokerages have recently commented on B. ValuEngine upgraded shares of Barnes Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. SunTrust Banks restated a “hold” rating and set a $67.00 target price on shares of Barnes Group in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Barnes Group from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Wednesday, January 10th. Finally, Robert W. Baird restated a “hold” rating and set a $65.00 target price on shares of Barnes Group in a report on Sunday, October 29th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $68.17.

Shares of Barnes Group Inc. (NYSE:B) opened at $59.28 on Friday. Barnes Group Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $72.87. The company has a market cap of $3,282.57, a price-to-earnings ratio of 21.48, a PEG ratio of 2.02 and a beta of 1.32. The company has a current ratio of 2.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37.

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About Barnes Group

Barnes Group Inc is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.

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Institutional Ownership by Quarter for Barnes Group (NYSE:B)

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