James Investment Research Inc. Purchases Shares of 37,810 Harsco Corporation (HSC)

James Investment Research Inc. bought a new stake in Harsco Corporation (NYSE:HSC) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 37,810 shares of the industrial products company’s stock, valued at approximately $609,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue raised its position in 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 in the last quarter. Invictus RG acquired a new position in Harsco Corporation during the first quarter valued at $120,000. Fox Run Management L.L.C. purchased a new stake in shares of Harsco Corporation during the second quarter worth approximately $167,000. Quantbot Technologies LP purchased a new stake in shares of Harsco Corporation during the first quarter worth approximately $147,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Harsco Corporation during the first quarter worth approximately $148,000. Hedge funds and other institutional investors own 81.94% of the company’s stock.

Harsco Corporation (NYSE HSC) traded down 0.31% during mid-day trading on Friday, reaching $15.85. The company had a trading volume of 678,096 shares. Harsco Corporation has a one year low of $8.52 and a one year high of $17.80. The stock has a 50 day moving average price of $16.13 and a 200 day moving average price of $14.46. The company’s market capitalization is $1.27 billion.

Harsco Corporation (NYSE:HSC) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Harsco Corporation had a negative net margin of 1.38% and a positive return on equity of 26.28%. The business had revenue of $394.89 million for the quarter, compared to analysts’ expectations of $384.40 million. During the same quarter last year, the firm earned $0.15 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities analysts expect that Harsco Corporation will post $0.64 earnings per share for the current fiscal year.

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A number of analysts have recently commented on the company. Jefferies Group LLC restated a “buy” rating and issued a $19.00 price target (up from $18.00) on shares of Harsco Corporation in a report on Wednesday, August 9th. Zacks Investment Research upgraded Harsco Corporation from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock 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. BidaskClub lowered 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 target (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 given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $18.50.

About Harsco Corporation

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.

Institutional Ownership by Quarter for Harsco Corporation (NYSE:HSC)

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