Teachers Advisors LLC increased its stake in Harsco Corporation (NYSE:HSC) by 2.8% during the first quarter, Holdings Channel reports. The firm owned 242,073 shares of the industrial products company’s stock after buying an additional 6,503 shares during the period. Teachers Advisors LLC’s holdings in Harsco Corporation were worth $3,086,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of HSC. State of Alaska Department of Revenue raised its position in shares of Harsco Corporation by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 8,850 shares of the industrial products company’s stock valued at $112,000 after buying an additional 170 shares during the period. Quantbot Technologies LP bought a new position in shares of Harsco Corporation during the first quarter valued at approximately $147,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Harsco Corporation during the first quarter valued at approximately $148,000. Cipher Capital LP bought a new position in shares of Harsco Corporation during the first quarter valued at approximately $155,000. Finally, Wellington Management Group LLP raised its position in shares of Harsco Corporation by 13.3% in the first quarter. Wellington Management Group LLP now owns 14,885 shares of the industrial products company’s stock valued at $190,000 after buying an additional 1,750 shares during the period. Institutional investors and hedge funds own 82.90% of the company’s stock.
Harsco Corporation (NYSE:HSC) traded up 0.62% during mid-day trading on Friday, hitting $16.25. 639,904 shares of the stock were exchanged. The stock has a 50 day moving average of $16.08 and a 200-day moving average of $14.39. The stock’s market cap is $1.31 billion. Harsco Corporation has a 52-week low of $8.52 and a 52-week high of $17.80.
Harsco Corporation (NYSE:HSC) last released its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. The firm had revenue of $394.89 million during the quarter, compared to the consensus estimate of $384.40 million. Harsco Corporation had a positive return on equity of 26.28% and a negative net margin of 1.38%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. Equities analysts predict that Harsco Corporation will post $0.64 EPS for the current fiscal year.
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Several brokerages have commented on HSC. Zacks Investment Research upgraded shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, August 8th. Lake Street Capital restated a “buy” rating on shares of Harsco Corporation in a report on Friday, August 4th. Jefferies Group LLC restated a “buy” rating and issued a $19.00 price objective (up from $18.00) on shares of Harsco Corporation in a report on Wednesday. BidaskClub lowered shares of Harsco Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, KeyCorp restated an “overweight” rating and issued a $19.00 price objective (up from $17.50) on shares of Harsco Corporation in a report on Monday, June 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $18.50.
Harsco Corporation 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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