UBS Asset Management Americas Inc. Has $1,082,000 Position in Barnes Group Inc. (B)
UBS Asset Management Americas Inc. continued to hold its stake in shares of Barnes Group Inc. (NYSE:B) during the second quarter, Holdings Channel reports. The fund owned 32,659 shares of the company’s stock at the end of the second quarter. UBS Asset Management Americas Inc. owned 0.06% of Barnes Group worth $1,082,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of B. Aristotle Capital Boston LLC raised its stake in shares of Barnes Group by 1.3% in the first quarter. Aristotle Capital Boston LLC now owns 160,283 shares of the company’s stock valued at $5,615,000 after buying an additional 2,129 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in shares of Barnes Group during the first quarter worth approximately $964,000. Bayesian Capital Management LP purchased a new position in shares of Barnes Group during the first quarter worth approximately $340,000. HBK Investments L P purchased a new position in shares of Barnes Group during the first quarter worth approximately $580,000. Finally, State Street Corp increased its position in shares of Barnes Group by 2.1% in the first quarter. State Street Corp now owns 1,087,428 shares of the company’s stock worth $38,095,000 after buying an additional 22,284 shares during the period. Hedge funds and other institutional investors own 83.54% of the company’s stock.
Shares of Barnes Group Inc. (NYSE:B) opened at 38.91 on Monday. The company has a market cap of $2.10 billion, a P/E ratio of 17.78 and a beta of 1.47. The company’s 50 day moving average is $39.97 and its 200 day moving average is $36.61. Barnes Group Inc. has a one year low of $30.07 and a one year high of $41.86.
Barnes Group (NYSE:B) last released its quarterly earnings data on Friday, July 29th. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Barnes Group had a net margin of 10.18% and a return on equity of 11.69%. The firm had revenue of $307 million for the quarter, compared to the consensus estimate of $308.71 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The business’s revenue was down 2.6% on a year-over-year basis. On average, equities analysts predict that Barnes Group Inc. will post $2.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Wednesday, November 23rd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.34%. Barnes Group’s payout ratio is 23.74%.
B has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Barnes Group from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Wednesday, September 28th. Jefferies Group lifted their price objective on shares of Barnes Group from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Barnes Group presently has a consensus rating of “Buy” and an average price target of $40.17.
In other news, Director Thomas O. Barnes sold 730 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $41.46, for a total value of $30,265.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Dawn N. Edwards sold 5,700 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $40.24, for a total transaction of $229,368.00. The disclosure for this sale can be found here. Company insiders own 7.80% of the company’s stock.
Barnes Group Company Profile
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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