Harsco Co. (NYSE:HSC)’s share price traded down 2.1% during mid-day trading on Wednesday . The company traded as low as $18.53 and last traded at $18.75, 35,428 shares were traded during mid-day trading. A decline of 95% from the average session volume of 701,850 shares. The stock had previously closed at $19.16.
A number of equities research analysts have issued reports on the stock. KeyCorp raised their price target on shares of Harsco from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. ValuEngine lowered shares of Harsco from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Harsco from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Lake Street Capital lifted their target price on shares of Harsco from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, TheStreet lowered shares of Harsco from a “b” rating to a “c+” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Harsco has an average rating of “Hold” and an average target price of $32.75.
The firm’s 50 day moving average price is $25.26. The company has a market capitalization of $1.52 billion, a PE ratio of 14.42 and a beta of 2.14. The company has a debt-to-equity ratio of 3.85, a quick ratio of 1.22 and a current ratio of 1.47.
In related news, SVP Scott H. Gerson sold 9,308 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $25.26, for a total transaction of $235,120.08. Following the sale, the senior vice president now owns 22,374 shares of the company’s stock, valued at $565,167.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter Francis Minan acquired 2,250 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $21.08 per share, for a total transaction of $47,430.00. Following the purchase, the chief financial officer now directly owns 123,252 shares of the company’s stock, valued at $2,598,152.16. The disclosure for this purchase can be found here. Insiders own 1.64% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Pearl River Capital LLC bought a new stake in Harsco during the first quarter worth about $48,000. Meeder Asset Management Inc. boosted its stake in Harsco by 63.7% during the second quarter. Meeder Asset Management Inc. now owns 3,527 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 1,372 shares in the last quarter. Quantamental Technologies LLC bought a new stake in Harsco during the first quarter worth about $145,000. Strs Ohio boosted its stake in Harsco by 7.8% during the second quarter. Strs Ohio now owns 6,900 shares of the industrial products company’s stock worth $189,000 after acquiring an additional 500 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. bought a new stake in Harsco during the second quarter worth about $210,000. 83.35% of the stock is currently owned by institutional investors and hedge funds.
About Harsco (NYSE:HSC)
Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail. The Harsco Metals & Minerals segment provides on-site services of material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; and value added environmental solutions for industrial co-products, as well as produces industrial abrasives and roofing granules.
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