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

Research analysts at StockNews.com assumed coverage on shares of Barnes Group (NYSE:B) in a research note issued to investors on Sunday. The brokerage set a “sell” rating on the industrial products company’s stock.

Barnes Group Stock Performance

NYSE:B opened at $47.48 on Friday. Barnes Group has a twelve month low of $32.00 and a twelve month high of $47.50. 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 business has a 50 day moving average price of $47.38 and a two-hundred day moving average price of $44.86. The company has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32.

Institutional Investors Weigh In On Barnes Group

Large investors have recently made changes to their positions in the stock. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of 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 buying an additional 11,684 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of 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 buying an additional 28,649 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of 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 buying an additional 12,156 shares during the last quarter. Barclays PLC boosted its holdings in shares of 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 buying an additional 11,279 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Barnes Group in the 3rd quarter valued at approximately $432,000. Institutional investors and hedge funds 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.