Barnes Group (NYSE:B) Research Coverage Started at StockNews.com

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

Barnes Group Price Performance

B stock opened at $47.48 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. Barnes Group has a fifty-two week low of $32.00 and a fifty-two week high of $47.50. The stock’s 50 day simple moving average is $47.39 and its 200 day simple moving average is $45.04. The company has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32.

Hedge Funds Weigh In On Barnes Group

Large investors have recently bought and sold shares of the stock. FIL Ltd grew its holdings in shares of Barnes Group by 322.6% in the fourth quarter. FIL Ltd now owns 2,039,135 shares of the industrial products company’s stock valued at $96,370,000 after acquiring an additional 1,556,619 shares in the last quarter. Nexpoint Asset Management L.P. purchased a new position in Barnes Group in the fourth quarter worth $54,368,000. TIG Advisors LLC bought a new position in Barnes Group in the 4th quarter valued at $30,806,000. Simcoe Capital Management LLC purchased a new stake in shares of Barnes Group during the 3rd quarter valued at $24,469,000. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of Barnes Group by 7,205.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 533,665 shares of the industrial products company’s stock worth $25,221,000 after purchasing an additional 526,360 shares during the period. 90.82% of the stock is currently owned by 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.