State of New Jersey Common Pension Fund D Acquires 20,000 Shares of Harsco Corporation (HSC)

State of New Jersey Common Pension Fund D increased its stake in shares of Harsco Corporation (NYSE:HSC) by 2.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 860,000 shares of the industrial products company’s stock after buying an additional 20,000 shares during the period. State of New Jersey Common Pension Fund D owned 1.07% of Harsco Corporation worth $13,846,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of Harsco Corporation by 36,936.1% in the first quarter. BlackRock Inc. now owns 9,685,304 shares of the industrial products company’s stock worth $123,489,000 after buying an additional 9,659,153 shares during the last quarter. Rothschild Asset Management Inc. acquired a new position in shares of Harsco Corporation during the first quarter worth approximately $23,733,000. Norges Bank acquired a new position in shares of Harsco Corporation during the fourth quarter worth approximately $6,546,000. Vanguard Group Inc. boosted its position in shares of Harsco Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 7,181,030 shares of the industrial products company’s stock worth $91,558,000 after buying an additional 384,883 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Harsco Corporation by 56.9% in the first quarter. American Century Companies Inc. now owns 826,249 shares of the industrial products company’s stock worth $10,535,000 after buying an additional 299,483 shares during the last quarter. Institutional investors own 81.94% of the company’s stock.

Shares of Harsco Corporation (NYSE:HSC) traded down 0.31% during midday trading on Friday, reaching $15.85. 678,096 shares of the company’s stock were exchanged. The stock’s market cap is $1.27 billion. The stock’s 50 day moving average is $16.13 and its 200-day moving average is $14.46. Harsco Corporation has a 12-month low of $8.52 and a 12-month high of $17.80.

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

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A number of equities analysts recently commented on HSC shares. BidaskClub cut shares of Harsco Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $19.00 target price (up previously from $18.00) on shares of Harsco Corporation in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, August 8th. Lake Street Capital reiterated a “buy” rating on shares of Harsco Corporation in a research report on Friday, August 4th. Finally, KeyCorp reiterated an “overweight” rating and issued a $19.00 target price (up previously from $17.50) on shares of Harsco Corporation in a research report on Monday, June 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target 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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