EAM Investors LLC purchased a new stake in Harsco Corporation (NYSE:HSC) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 120,217 shares of the industrial products company’s stock, valued at approximately $2,513,000. EAM Investors LLC owned about 0.15% of Harsco at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Flinton Capital Management LLC increased its position in shares of Harsco by 71.9% during the second quarter. Flinton Capital Management LLC now owns 6,496 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 2,716 shares during the period. Federated Investors Inc. PA increased its position in shares of Harsco by 1.7% during the second quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 132 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Harsco during the second quarter worth approximately $167,000. FDx Advisors Inc. purchased a new position in shares of Harsco during the third quarter worth approximately $222,000. Finally, Emerald Advisers Inc. PA purchased a new position in shares of Harsco during the third quarter worth approximately $229,000. 81.44% of the stock is owned by hedge funds and other institutional investors.
Shares of 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. The firm has a market capitalization of $1,403.76, a P/E ratio of 25.29 and a beta of 3.09. Harsco Corporation has a 52 week low of $11.40 and a 52 week 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.
Harsco (NYSE:HSC) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.04. Harsco had a net margin of 1.69% and a return on equity of 32.46%. The company had revenue of $384.65 million during the quarter, compared to the consensus estimate of $398.85 million. During the same period last year, the firm earned $0.14 earnings per share. Harsco’s revenue was up 4.6% compared to the same quarter last year. research analysts anticipate that Harsco Corporation will post 0.68 earnings per share for the current fiscal year.
HSC has been the topic of a number of recent research reports. Jefferies Group reiterated a “buy” rating and set a $19.00 price objective (up from $18.00) on shares of Harsco in a research note on Wednesday, August 9th. BidaskClub downgraded shares of Harsco from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Argus upgraded shares of Harsco from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Friday, September 15th. Zacks Investment Research downgraded shares of Harsco from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, ValuEngine downgraded shares of Harsco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $20.00.
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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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