Barnes Group (NYSE:B) Coverage Initiated by Analysts at StockNews.com

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

Barnes Group Price Performance

Shares of NYSE:B opened at $47.48 on Friday. The stock has a market cap 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 of $47.35 and a 200-day moving average of $44.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. Barnes Group has a one year low of $32.00 and a one year high of $47.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. LPL Financial LLC lifted its stake in 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 buying an additional 285 shares in the last quarter. Mariner LLC lifted its stake in Barnes Group by 5.2% in the fourth 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% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,859 shares of the industrial products company’s stock valued at $230,000 after buying an additional 309 shares in the last quarter. Natixis Advisors LLC lifted its stake in Barnes Group by 2.8% in the third quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock valued at $474,000 after buying an additional 323 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Barnes Group by 117.9% in 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 in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s 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.