Barnes Group (NYSE:B) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Barnes Group (NYSE:B) in a research report released on Friday morning. The firm issued a sell rating on the industrial products company’s stock.

Barnes Group Stock Performance

Shares of Barnes Group stock opened at $47.48 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average price of $47.48 and a 200-day moving average price of $46.89. Barnes Group has a 52 week low of $32.65 and a 52 week high of $47.50. The company has a market cap of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32.

Hedge Funds Weigh In On Barnes Group

Institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its stake 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 worth $264,000 after purchasing an additional 285 shares during the last quarter. Mariner LLC raised its holdings in Barnes Group by 5.2% in the fourth quarter. Mariner LLC now owns 6,060 shares of the industrial products company’s stock worth $286,000 after buying an additional 297 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Barnes Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,859 shares of the industrial products company’s stock valued at $230,000 after acquiring an additional 309 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Barnes Group by 117.9% during the fourth 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 during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of 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 acquiring an additional 348 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.

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.