UBS Asset Management Americas Inc. grew its holdings in Harsco Co. (NYSE:HSC) by 35.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,468 shares of the industrial products company’s stock after acquiring an additional 18,428 shares during the period. UBS Asset Management Americas Inc. owned about 0.09% of Harsco worth $1,314,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Harsco by 1.8% in the 4th quarter. BlackRock Inc. now owns 10,490,112 shares of the industrial products company’s stock valued at $195,642,000 after acquiring an additional 190,286 shares during the last quarter. Hood River Capital Management LLC lifted its stake in shares of Harsco by 35.5% in the 4th quarter. Hood River Capital Management LLC now owns 1,786,307 shares of the industrial products company’s stock valued at $33,315,000 after purchasing an additional 468,117 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Harsco by 5.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,743,410 shares of the industrial products company’s stock valued at $36,437,000 after purchasing an additional 86,779 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Harsco by 2.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,139,670 shares of the industrial products company’s stock valued at $23,820,000 after purchasing an additional 21,933 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Harsco by 10.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 920,764 shares of the industrial products company’s stock valued at $19,244,000 after purchasing an additional 89,666 shares during the period. 84.12% of the stock is currently owned by institutional investors and hedge funds.
Harsco Co. (NYSE:HSC) opened at $21.95 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 2.63. Harsco Co. has a 12 month low of $11.40 and a 12 month high of $23.20. The stock has a market cap of $1,838.37, a price-to-earnings ratio of 31.30 and a beta of 2.68.
Harsco (NYSE:HSC) last posted its earnings results on Thursday, February 22nd. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06. The firm had revenue of $455.00 million during the quarter, compared to analysts’ expectations of $432.50 million. Harsco had a net margin of 0.49% and a return on equity of 30.82%. The business’s revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 EPS. research analysts anticipate that Harsco Co. will post 1.1 earnings per share for the current year.
Several research firms recently issued reports on HSC. Argus boosted their target price on shares of Harsco to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research cut shares of Harsco from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Alembic Global Advisors reiterated a “buy” rating on shares of Harsco in a research note on Friday, February 23rd. Lake Street Capital reiterated a “buy” rating and issued a $30.00 target price (up from $26.00) on shares of Harsco in a research note on Friday, February 23rd. Finally, KeyCorp reiterated a “buy” rating and issued a $25.00 target price (up from $23.00) on shares of Harsco in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Harsco has an average rating of “Buy” and a consensus price target of $24.00.
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Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail. The Harsco Metals & Minerals segment provides on-site services of material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; and value added environmental solutions for industrial co-products, as well as produces industrial abrasives and roofing granules.
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