Harsco Corp. (NYSE:HSC) shares dropped 4.1% during mid-day trading on Monday . The company traded as low as $8.64 and last traded at $8.70, with a volume of 269,141 shares trading hands. The stock had previously closed at $9.07.

HSC has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Harsco Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Lake Street Capital initiated coverage on shares of Harsco Corp. in a research note on Tuesday, September 13th. They issued a “buy” rating and a $17.00 price objective on the stock. Finally, Jefferies Group reissued a “buy” rating on shares of Harsco Corp. in a research note on Monday, August 1st.

The company’s market cap is $694.31 million. The firm has a 50 day moving average price of $10.06 and a 200-day moving average price of $7.58.

Harsco Corp. (NYSE:HSC) last released its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.05. The firm had revenue of $370 million for the quarter, compared to analysts’ expectations of $377.30 million. Harsco Corp. had a negative net margin of 3.42% and a positive return on equity of 12.38%. The company’s quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 earnings per share. Equities analysts expect that Harsco Corp. will post $0.37 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors boosted its stake in shares of Harsco Corp. by 0.4% in the first quarter. BlackRock Fund Advisors now owns 5,042,950 shares of the company’s stock worth $27,484,000 after buying an additional 18,202 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Harsco Corp. by 15.1% in the first quarter. Prudential Financial Inc. now owns 423,552 shares of the company’s stock worth $2,308,000 after buying an additional 55,700 shares during the last quarter. Kennedy Capital Management Inc. boosted its stake in shares of Harsco Corp. by 79.0% in the first quarter. Kennedy Capital Management Inc. now owns 868,055 shares of the company’s stock worth $4,731,000 after buying an additional 383,110 shares during the last quarter. Ngam Advisors L.P. boosted its stake in shares of Harsco Corp. by 23.8% in the first quarter. Ngam Advisors L.P. now owns 40,372 shares of the company’s stock worth $220,000 after buying an additional 7,765 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Harsco Corp. by 1.7% in the first quarter. Arizona State Retirement System now owns 41,066 shares of the company’s stock worth $224,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 80.64% of the company’s stock.

Harsco Corp. Company Profile

Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. Its Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the metals industries across the world.

5 Day Chart for NYSE:HSC

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