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

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

Barnes Group Stock Performance

NYSE B opened at $47.48 on Friday. Barnes Group has a 1-year low of $32.65 and a 1-year high of $47.50. The stock has a 50-day moving average of $47.48 and a two-hundred day moving average of $46.84. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. The company has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32.

Institutional Trading of Barnes Group

Large investors have recently bought and sold shares of the company. LPL Financial LLC increased its position in Barnes Group by 5.4% during the 4th 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 in the last quarter. Mariner LLC lifted its position in shares of Barnes Group by 5.2% during the fourth quarter. Mariner LLC now owns 6,060 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 297 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings 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 worth $230,000 after purchasing an additional 309 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Barnes Group by 117.9% during the 4th 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 period. Finally, BNP Paribas Financial Markets grew its position in Barnes Group by 3.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock worth $469,000 after purchasing an additional 348 shares during the last quarter. Institutional investors and hedge funds 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.