Barnes Group (NYSE:B) Research Coverage Started at StockNews.com

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

Barnes Group Price Performance

Barnes Group stock opened at $47.48 on Friday. 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 $32.65 and a one year high of $47.50. The firm has a market capitalization of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. The business has a fifty day moving average price of $47.48 and a 200-day moving average price of $47.18.

Institutional Trading of Barnes Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its stake in Barnes Group by 117.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 336 shares in the last quarter. CoreCap Advisors LLC bought a new stake in shares of Barnes Group in the 4th quarter worth $50,000. Lazard Asset Management LLC purchased a new position in shares of Barnes Group in the fourth quarter worth $55,000. Vestcor Inc purchased a new stake in shares of Barnes Group during the fourth quarter valued at $56,000. Finally, Sterling Capital Management LLC increased its holdings in Barnes Group by 820.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,463 shares of the industrial products company’s stock worth $69,000 after buying an additional 1,304 shares in the last quarter. Hedge funds and other institutional investors 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.