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

Equities researchers at StockNews.com assumed coverage on shares of Barnes Group (NYSE:B) in a report issued on Friday. The brokerage set a “sell” rating on the industrial products company’s stock.

Barnes Group Stock Performance

Shares of B stock opened at $47.48 on Friday. Barnes Group has a 52 week low of $32.65 and a 52 week high of $47.50. The firm has a 50 day moving average of $47.48 and a two-hundred day moving average of $46.78. 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 stock has a market capitalization of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32.

Institutional Investors Weigh In On Barnes Group

Several institutional investors have recently added to or reduced their stakes in B. Patriot Financial Group Insurance Agency LLC lifted its position in Barnes Group by 2.1% in the fourth 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 acquiring an additional 11,684 shares during the last quarter. Jane Street Group LLC lifted 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 purchasing an additional 28,649 shares during the last quarter. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 12,156 shares during the period. Barclays PLC boosted its position 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 purchasing an additional 11,279 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Barnes Group during the 4th quarter worth approximately $981,000. Hedge funds and other 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.