Alberta Investment Management Corp Makes New $5.20 Million Investment in Barnes Group Inc. (NYSE:B)

Alberta Investment Management Corp bought a new position in shares of Barnes Group Inc. (NYSE:B) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 110,000 shares of the industrial products company’s stock, valued at approximately $5,199,000. Alberta Investment Management Corp owned approximately 0.22% of Barnes Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of B. KBC Group NV raised its holdings in shares of Barnes Group by 52.4% in the 4th 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 in the last quarter. SG Americas Securities LLC purchased a new position in shares of Barnes Group in the 3rd quarter valued at $178,000. Centiva Capital LP purchased a new position in shares of Barnes Group in the 3rd quarter valued at $212,000. Captrust Financial Advisors purchased a new position in shares of Barnes Group in the 3rd quarter valued at $224,000. Finally, Needham Investment Management LLC purchased a new position in shares of Barnes Group in the 3rd quarter valued at $242,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barnes Group Stock Performance

Shares of Barnes Group stock opened at $47.48 on Thursday. Barnes Group Inc. has a 1 year low of $32.00 and a 1 year high of $47.50. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. The company has a market capitalization of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. The company’s fifty day moving average is $47.33 and its two-hundred day moving average is $44.36.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Barnes Group in a research report on Friday, February 14th. They issued a “sell” rating on the stock.

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.