StockNews.com Begins Coverage on Barnes Group (NYSE:B)

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

Barnes Group Stock Performance

Shares of Barnes Group stock opened at $47.48 on Thursday. Barnes Group has a 1-year low of $32.65 and a 1-year high of $47.50. The company’s fifty day simple moving average is $47.48 and its 200-day simple moving average is $46.50. 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 stock has a market capitalization of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in Barnes Group by 5.4% in the 4th quarter. LPL Financial LLC now owns 5,591 shares of the industrial products company’s stock worth $264,000 after buying an additional 285 shares during the period. Mariner LLC grew 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 in the last quarter. Summit Investment Advisors Inc. raised its stake in Barnes Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,859 shares of the industrial products company’s stock valued at $230,000 after purchasing an additional 309 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Barnes Group by 117.9% in 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 in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake 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 period. 90.82% of the stock is currently owned by institutional investors.

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.