Chartwell Investment Partners LLC cut its holdings in shares of Harsco Co. (NYSE:HSC) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 529,745 shares of the industrial products company’s stock after selling 20,660 shares during the quarter. Chartwell Investment Partners LLC owned about 0.66% of Harsco worth $9,880,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. LS Investment Advisors LLC lifted its holdings in shares of Harsco by 127.7% during the fourth quarter. LS Investment Advisors LLC now owns 6,526 shares of the industrial products company’s stock worth $122,000 after buying an additional 3,660 shares during the last quarter. FDx Advisors Inc. acquired a new position in shares of Harsco during the third quarter worth approximately $222,000. Emerald Advisers Inc. PA acquired a new position in shares of Harsco during the third quarter worth approximately $229,000. Alps Advisors Inc. acquired a new position in shares of Harsco during the fourth quarter worth approximately $229,000. Finally, First Quadrant L P CA acquired a new position in shares of Harsco during the third quarter worth approximately $263,000. Institutional investors own 82.64% of the company’s stock.
Harsco Co. (NYSE:HSC) opened at $16.90 on Friday. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.30 and a quick ratio of 0.83. The company has a market capitalization of $1,319.29, a price-to-earnings ratio of 23.77 and a beta of 2.96. Harsco Co. has a 12 month low of $11.40 and a 12 month high of $22.00.
A number of research analysts recently commented on the company. Zacks Investment Research lowered Harsco from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Argus upped their target price on Harsco to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, ValuEngine lowered Harsco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Harsco has a consensus rating of “Buy” and an average target price of $21.00.
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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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