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

StockNews.com began coverage on shares of Barnes Group (NYSE:B) in a research report sent to investors on Tuesday. The brokerage issued a sell rating on the industrial products company’s stock.

Barnes Group Price Performance

NYSE B opened at $47.48 on Tuesday. The business has a 50 day simple moving average of $47.45 and a 200 day simple moving average of $45.65. Barnes Group has a 52-week low of $32.65 and a 52-week high of $47.50. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.32.

Institutional Investors Weigh In On Barnes Group

Several large investors have recently made changes to their positions in B. Natixis Advisors LLC lifted its holdings 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 last quarter. Quest Partners LLC acquired a new stake in Barnes Group during the 3rd quarter valued at $248,000. Intech Investment Management LLC lifted its holdings in Barnes Group by 153.8% during the 3rd quarter. Intech Investment Management LLC now owns 16,964 shares of the industrial products company’s stock valued at $686,000 after purchasing an additional 10,279 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Barnes Group by 4.1% during the 3rd quarter. Fisher Asset Management LLC now owns 448,991 shares of the industrial products company’s stock valued at $18,144,000 after purchasing an additional 17,643 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in Barnes Group by 12.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 238,401 shares of the industrial products company’s stock valued at $9,634,000 after purchasing an additional 26,417 shares during the last quarter. 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.