First Quadrant L P CA cut its stake in shares of Harsco Co. (NYSE:HSC) by 42.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,246 shares of the industrial products company’s stock after selling 5,356 shares during the quarter. First Quadrant L P CA’s holdings in Harsco were worth $135,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. acquired a new position in Harsco during the 2nd quarter worth about $283,000. Parametrica Management Ltd acquired a new position in Harsco during the 3rd quarter worth about $708,000. WINTON GROUP Ltd acquired a new position in Harsco during the 2nd quarter worth about $895,000. Eagle Boston Investment Management Inc. lifted its holdings in Harsco by 15.2% during the 3rd quarter. Eagle Boston Investment Management Inc. now owns 65,726 shares of the industrial products company’s stock worth $1,403,000 after buying an additional 8,678 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in Harsco by 59.0% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 30,090 shares of the industrial products company’s stock worth $629,000 after buying an additional 11,160 shares during the period. 81.23% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on HSC shares. ValuEngine lowered Harsco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised Harsco from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, January 23rd. Finally, Argus lifted their price objective on Harsco to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Harsco currently has a consensus rating of “Buy” and an average price target of $21.00.
Harsco (NYSE:HSC) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.04. Harsco had a return on equity of 32.46% and a net margin of 1.69%. The firm had revenue of $384.65 million during the quarter, compared to analyst estimates of $398.85 million. During the same period last year, the company posted $0.14 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. research analysts predict that Harsco Co. will post 0.68 earnings per share for the current year.
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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