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

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

Barnes Group Stock Performance

Shares of 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 current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. The stock has a fifty day simple moving average of $47.30 and a 200-day simple moving average of $44.16. 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

Institutional investors have recently modified their holdings of the company. AQR Arbitrage LLC purchased a new position in Barnes Group in the fourth quarter valued at $17,541,000. Nexpoint Asset Management L.P. purchased a new position in Barnes Group in the fourth quarter valued at $54,368,000. One68 Global Capital LLC purchased a new position in Barnes Group in the fourth quarter valued at $841,000. Parvin Asset Management LLC purchased a new position in Barnes Group in the fourth quarter valued at $95,000. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in Barnes Group by 7,205.5% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 533,665 shares of the industrial products company’s stock valued at $25,221,000 after purchasing an additional 526,360 shares during the period. 90.82% of the stock is owned by institutional investors and hedge funds.

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.