Cornerstone Capital Management Holdings LLC. Purchases 182,800 Shares of Harsco Co. (HSC)

Cornerstone Capital Management Holdings LLC. raised its position in shares of Harsco Co. (NYSE:HSC) by 1,038.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,400 shares of the industrial products company’s stock after acquiring an additional 182,800 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.25% of Harsco worth $4,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Convergence Investment Partners LLC increased its position in shares of Harsco by 62.2% during the 3rd quarter. Convergence Investment Partners LLC now owns 129,959 shares of the industrial products company’s stock valued at $2,716,000 after purchasing an additional 49,825 shares during the last quarter. Invictus RG increased its position in shares of Harsco by 756.5% during the 3rd quarter. Invictus RG now owns 21,070 shares of the industrial products company’s stock valued at $440,000 after purchasing an additional 18,610 shares during the last quarter. OxFORD Asset Management LLP bought a new position in shares of Harsco during the 3rd quarter valued at approximately $1,741,000. Schwab Charles Investment Management Inc. increased its position in shares of Harsco by 10.8% during 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 last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Harsco by 116.0% during the 3rd quarter. Wells Fargo & Company MN now owns 231,569 shares of the industrial products company’s stock valued at $4,840,000 after purchasing an additional 124,354 shares during the last quarter. 81.44% of the stock is currently owned by institutional investors and hedge funds.

Harsco Co. (NYSE:HSC) opened at $18.30 on Friday. The company has a market capitalization of $1,472.13, a price-to-earnings ratio of 26.52 and a beta of 3.09. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.30 and a quick ratio of 0.83. Harsco Co. has a 12-month low of $11.40 and a 12-month high of $22.00.

Harsco (NYSE:HSC) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The company had revenue of $384.65 million for the quarter, compared to the consensus estimate of $398.85 million. Harsco had a return on equity of 32.46% and a net margin of 1.69%. Harsco’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS. equities research analysts expect that Harsco Co. will post 0.68 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on HSC shares. BidaskClub downgraded Harsco from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Argus raised Harsco from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, September 15th. Zacks Investment Research downgraded Harsco from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, ValuEngine downgraded Harsco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $20.00.

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Harsco 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.

Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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