Barnes Group (NYSE:B) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Barnes Group (NYSE:B) in a research note released on Wednesday morning. The brokerage issued a sell rating on the industrial products company’s stock.

Barnes Group Stock Performance

B stock opened at $47.48 on Wednesday. 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’s 50 day moving average is $47.47 and its 200-day moving average is $45.96. Barnes Group has a 1-year low of $32.65 and a 1-year high of $47.50. The firm has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of B. LPL Financial LLC grew its holdings in Barnes Group by 5.4% during the 4th quarter. LPL Financial LLC now owns 5,591 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 285 shares during the last quarter. Mariner LLC lifted its stake in shares of Barnes Group by 5.2% during the fourth quarter. Mariner LLC now owns 6,060 shares of the industrial products company’s stock valued at $286,000 after acquiring an additional 297 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Barnes Group by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,859 shares of the industrial products company’s stock valued at $230,000 after acquiring an additional 309 shares during the last quarter. Natixis Advisors LLC lifted its position in Barnes Group by 2.8% during the 3rd quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 323 shares during the period. Finally, Smartleaf Asset Management LLC boosted 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 purchasing an additional 336 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

About Barnes Group

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.