Sei Investments Co. reduced its stake in Harsco Corporation (NYSE:HSC) by 17.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 393,354 shares of the industrial products company’s stock after selling 83,962 shares during the quarter. Sei Investments Co. owned 0.49% of Harsco worth $8,221,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Flinton Capital Management LLC raised its holdings in shares of Harsco by 71.9% in the 2nd quarter. Flinton Capital Management LLC now owns 6,496 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 2,716 shares in the last quarter. Federated Investors Inc. PA grew its position in shares of Harsco by 1.7% in the 2nd quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock valued at $124,000 after buying an additional 132 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Harsco in the 2nd quarter valued at $167,000. Amalgamated Bank grew its position in shares of Harsco by 5.8% in the 2nd quarter. Amalgamated Bank now owns 11,536 shares of the industrial products company’s stock valued at $186,000 after buying an additional 634 shares during the last quarter. Finally, Greenwood Capital Associates LLC purchased a new position in Harsco during the 2nd quarter worth $186,000. Hedge funds and other institutional investors own 81.44% of the company’s stock.
Several brokerages have recently weighed in on HSC. Jefferies Group reaffirmed a “buy” rating and issued a $19.00 target price (up previously from $18.00) on shares of Harsco in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Harsco from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, November 10th. Argus upgraded shares of Harsco from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Friday, September 15th. BidaskClub cut shares of Harsco from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, ValuEngine downgraded shares of Harsco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $20.00.
Harsco Corporation (HSC) traded up $0.25 on Thursday, reaching $17.85. 481,534 shares of the company’s stock traded hands, compared to its average volume of 515,668. Harsco Corporation has a 12 month low of $11.40 and a 12 month high of $22.00. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 2.87. The stock has a market capitalization of $1,403.76, a P/E ratio of 25.29 and a beta of 3.09.
Harsco (NYSE:HSC) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $384.65 million for the quarter, compared to analysts’ expectations of $398.85 million. Harsco had a net margin of 1.69% and a return on equity of 32.46%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. equities research analysts anticipate that Harsco Corporation will post 0.68 EPS for the current year.
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Harsco Company Profile
Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.
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