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 note released on Tuesday. The brokerage issued a sell rating on the industrial products company’s stock.

Barnes Group Stock Performance

Shares of NYSE:B opened at $47.48 on Tuesday. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. Barnes Group has a 1 year low of $32.65 and a 1 year high of $47.50. The firm has a fifty day moving average price of $47.45 and a 200 day moving average price of $45.65. The stock has a market capitalization of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32.

Institutional Investors Weigh In On Barnes Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Polar Asset Management Partners Inc. acquired a new position in Barnes Group during the 4th quarter worth about $20,307,000. Public Employees Retirement System of Ohio acquired a new position in Barnes Group during the 4th quarter worth about $3,537,000. GTS Securities LLC acquired a new position in Barnes Group during the 4th quarter worth about $306,000. BCK Capital Management LP acquired a new position in Barnes Group during the 4th quarter worth about $733,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Barnes Group by 24.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 112,222 shares of the industrial products company’s stock valued at $5,304,000 after purchasing an additional 22,407 shares during the period. 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.