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

StockNews.com started coverage on shares of Barnes Group (NYSE:B) in a report released on Saturday. The brokerage 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’s fifty day simple moving average is $47.35 and its 200-day simple moving average is $44.51. 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 firm has a market cap of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32. Barnes Group has a 12 month low of $32.00 and a 12 month high of $47.50.

Institutional Trading of Barnes Group

Institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its position 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 worth $29,000 after purchasing an additional 336 shares in the last quarter. CoreCap Advisors LLC bought a new stake in Barnes Group during the fourth quarter worth $50,000. Lazard Asset Management LLC bought a new stake in Barnes Group during the fourth quarter worth $55,000. Vestcor Inc bought a new stake in Barnes Group during the fourth quarter worth $56,000. Finally, Sterling Capital Management LLC raised its position in Barnes Group by 820.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,463 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 1,304 shares in the last quarter. 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.