LS Investment Advisors LLC lifted its position in shares of Harsco Co. (NYSE:HSC) by 127.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,526 shares of the industrial products company’s stock after buying an additional 3,660 shares during the period. LS Investment Advisors LLC’s holdings in Harsco were worth $122,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in HSC. FDx Advisors Inc. acquired a new stake in shares of Harsco during the 3rd quarter worth $222,000. Emerald Advisers Inc. PA acquired a new stake in shares of Harsco during the 3rd quarter worth $229,000. Alps Advisors Inc. acquired a new stake in shares of Harsco during the 4th quarter worth $229,000. First Quadrant L P CA acquired a new stake in shares of Harsco during the 3rd quarter worth $263,000. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Harsco during the 2nd quarter worth $283,000. Institutional investors and hedge funds own 83.08% of the company’s stock.
Several brokerages recently issued reports on HSC. Zacks Investment Research upgraded Harsco from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Friday, November 10th. ValuEngine downgraded Harsco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Argus increased their price target on Harsco to $24.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Alembic Global Advisors reiterated a “buy” rating on shares of Harsco in a report on Friday. Finally, Lake Street Capital reiterated a “buy” rating and issued a $30.00 price target (up from $26.00) on shares of Harsco in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $22.80.
Harsco (NYSE:HSC) last announced its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06. Harsco had a return on equity of 32.46% and a net margin of 1.69%. The firm had revenue of $455.00 million during the quarter, compared to the consensus estimate of $432.50 million. During the same period in the prior year, the firm earned $0.16 EPS. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. equities analysts anticipate that Harsco Co. will post 0.68 earnings per share for the current year.
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Harsco 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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