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

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

Barnes Group Price Performance

Shares of NYSE B opened at $47.48 on Thursday. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average of $47.24 and a 200-day moving average of $43.93. The firm has a market capitalization of $2.42 billion, a price-to-earnings 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of B. Smartleaf Asset Management LLC lifted its stake in shares of Barnes Group by 117.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 336 shares during the last quarter. GAMMA Investing LLC increased its stake in Barnes Group by 17.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 238 shares during the period. KBC Group NV lifted its position in 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. SG Americas Securities LLC purchased a new stake in shares of Barnes Group during the third quarter valued at approximately $178,000. Finally, Atria Investments Inc purchased a new position in shares of Barnes Group in the fourth quarter worth $203,000. 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.