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

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

Barnes Group Price Performance

NYSE:B opened at $47.48 on Friday. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.32. Barnes Group has a 52-week low of $32.00 and a 52-week high of $47.50. The stock has a fifty day moving average of $47.35 and a 200 day moving average of $44.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28.

Institutional Investors Weigh In On Barnes Group

Several large investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its stake in Barnes Group by 117.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 336 shares during the last quarter. CoreCap Advisors LLC bought a new stake in Barnes Group during the fourth quarter worth about $50,000. Lazard Asset Management LLC bought a new stake in Barnes Group during the fourth quarter worth about $55,000. Vestcor Inc bought a new stake in Barnes Group during the fourth quarter worth about $56,000. Finally, Sterling Capital Management LLC lifted its stake in Barnes Group by 820.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,463 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 1,304 shares during the last quarter. 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.