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

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

Barnes Group Stock Performance

Shares of B stock opened at $47.48 on Friday. The company has a market capitalization of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. The business’s 50 day moving average is $47.30 and its two-hundred day moving average is $44.16. 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 12-month low of $32.00 and a 12-month high of $47.50.

Hedge Funds Weigh In On Barnes Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of Barnes Group by 117.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 336 shares during the last quarter. Vestcor Inc acquired a new stake in shares of Barnes Group in the fourth quarter valued at approximately $56,000. Sterling Capital Management LLC increased its holdings in shares of Barnes Group by 820.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,463 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 1,304 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Barnes Group in the fourth quarter valued at approximately $95,000. Finally, KBC Group NV increased its holdings in shares of Barnes Group by 52.4% in the fourth quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 752 shares during the last quarter. Hedge funds and other 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.