Harsco Co. (NYSE:HSC) SVP Scott H. Gerson sold 18,802 shares of the stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $27.31, for a total transaction of $513,482.62. Following the completion of the transaction, the senior vice president now owns 3,911 shares of the company’s stock, valued at approximately $106,809.41. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Harsco stock opened at $28.37 on Tuesday. The stock has a market cap of $2.25 billion, a P/E ratio of 23.73 and a beta of 2.51. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 2.05. Harsco Co. has a 12-month low of $15.55 and a 12-month high of $30.05.
Harsco (NYSE:HSC) last announced its earnings results on Wednesday, October 31st. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $445.48 million during the quarter, compared to analysts’ expectations of $447.17 million. Harsco had a net margin of 3.32% and a return on equity of 37.43%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the company posted $0.20 EPS. As a group, equities research analysts forecast that Harsco Co. will post 1.26 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on HSC shares. KeyCorp increased their price objective on shares of Harsco from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, September 12th. Singular Research started coverage on shares of Harsco in a research note on Monday, August 27th. They issued a “buy” rating and a $32.00 price objective for the company. Lake Street Capital increased their price objective on shares of Harsco from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, ValuEngine upgraded shares of Harsco from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $29.40.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Harsco by 7.7% during the 2nd quarter. BlackRock Inc. now owns 11,127,397 shares of the industrial products company’s stock worth $245,915,000 after purchasing an additional 794,247 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Harsco by 92.1% during the 2nd quarter. Victory Capital Management Inc. now owns 2,464,337 shares of the industrial products company’s stock worth $54,461,000 after purchasing an additional 1,181,648 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Harsco by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,095 shares of the industrial products company’s stock worth $49,927,000 after purchasing an additional 49,093 shares in the last quarter. Hood River Capital Management LLC increased its position in shares of Harsco by 4.1% during the 2nd quarter. Hood River Capital Management LLC now owns 1,881,988 shares of the industrial products company’s stock worth $41,592,000 after purchasing an additional 73,711 shares in the last quarter. Finally, SG Capital Management LLC increased its position in shares of Harsco by 23.2% during the 3rd quarter. SG Capital Management LLC now owns 1,286,202 shares of the industrial products company’s stock worth $36,721,000 after purchasing an additional 242,018 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.
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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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