StockNews.com Begins Coverage on Barnes Group (NYSE:B)

Equities researchers at StockNews.com assumed coverage on shares of Barnes Group (NYSE:B) in a research report issued on Thursday. The firm set a “sell” rating on the industrial products company’s stock.

Barnes Group Stock Performance

Barnes Group stock opened at $47.48 on Thursday. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.32. The company has a 50 day moving average price of $47.48 and a 200 day moving average price of $46.44. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. Barnes Group has a 52 week low of $32.65 and a 52 week high of $47.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. LPL Financial LLC boosted its position in shares of Barnes Group by 5.4% in the fourth quarter. LPL Financial LLC now owns 5,591 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 285 shares during the period. Mariner LLC raised its stake in shares of Barnes Group by 5.2% in the 4th quarter. Mariner LLC now owns 6,060 shares of the industrial products company’s stock valued at $286,000 after buying an additional 297 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in Barnes Group by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,859 shares of the industrial products company’s stock worth $230,000 after purchasing an additional 309 shares during the period. Smartleaf Asset Management LLC boosted 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 valued at $29,000 after buying an additional 336 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Barnes Group by 3.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 348 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

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.