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

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

Barnes Group Price Performance

Shares of NYSE B opened at $47.48 on Monday. The firm has a market capitalization of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. Barnes Group has a one year low of $32.00 and a one year high of $47.50. The company’s fifty day moving average is $47.42 and its two-hundred day moving average is $45.38. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised its stake in Barnes Group by 2.1% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 559,772 shares of the industrial products company’s stock valued at $26,455,000 after purchasing an additional 11,684 shares during the last quarter. Jane Street Group LLC raised its stake in Barnes Group by 22.9% in the 3rd quarter. Jane Street Group LLC now owns 153,917 shares of the industrial products company’s stock valued at $6,220,000 after purchasing an additional 28,649 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Barnes Group by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,185 shares of the industrial products company’s stock valued at $3,725,000 after purchasing an additional 12,156 shares during the last quarter. Barclays PLC raised its stake in Barnes Group by 9.3% in the 3rd quarter. Barclays PLC now owns 132,462 shares of the industrial products company’s stock valued at $5,353,000 after purchasing an additional 11,279 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Barnes Group in the 3rd quarter valued at about $432,000. Institutional investors and hedge funds 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.