Barnes Group (NYSE:B) Now Covered by StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Barnes Group (NYSE:B) in a research report issued to clients and investors on Monday. The firm set a “sell” rating on the industrial products company’s stock.

Barnes Group Price Performance

NYSE B opened at $47.48 on Monday. Barnes Group has a 52 week low of $32.00 and a 52 week 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 company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $47.42 and a 200-day moving average price of $45.36.

Institutional Investors Weigh In On Barnes Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake 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 during the period. CoreCap Advisors LLC bought a new position in Barnes Group in the 4th quarter worth approximately $50,000. Lazard Asset Management LLC bought a new position in Barnes Group in the 4th quarter worth approximately $55,000. Vestcor Inc bought a new position in Barnes Group in the 4th quarter worth approximately $56,000. Finally, Sterling Capital Management LLC boosted its stake 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 purchasing an additional 1,304 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.

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.