Bank of Montreal Can Has $464,000 Stock Position in Barnes Group Inc. (NYSE:B)

Bank of Montreal Can boosted its position in Barnes Group Inc. (NYSE:B) by 5.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,826 shares of the industrial products company’s stock after buying an additional 496 shares during the period. Bank of Montreal Can’s holdings in Barnes Group were worth $464,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position 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 valued at $29,000 after acquiring an additional 336 shares in the last quarter. Vestcor Inc purchased a new position in shares of Barnes Group during the fourth quarter valued at approximately $56,000. KBC Group NV grew its holdings 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 worth $103,000 after buying an additional 752 shares in the last quarter. Atria Investments Inc bought a new position in Barnes Group during the 4th quarter valued at $203,000. Finally, Cibc World Markets Corp purchased a new position in Barnes Group during the 4th quarter worth $205,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Barnes Group Price Performance

Shares of NYSE:B opened at $47.48 on Tuesday. The company has a market capitalization 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. 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 business has a fifty day moving average price of $47.48 and a two-hundred day moving average price of $47.18.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Barnes Group in a research report on Saturday. They issued a “sell” rating for the company.

Barnes Group Company 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.