1060 Capital LLC Acquires Shares of 455,791 Harsco Co. (HSC)
1060 Capital LLC acquired a new position in shares of Harsco Co. (NYSE:HSC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 455,791 shares of the industrial products company’s stock, valued at approximately $13,013,000. Harsco makes up approximately 6.1% of 1060 Capital LLC’s investment portfolio, making the stock its 8th largest position. 1060 Capital LLC owned about 0.57% of Harsco as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of Harsco by 4.0% during the 3rd quarter. BlackRock Inc. now owns 11,572,319 shares of the industrial products company’s stock worth $330,390,000 after purchasing an additional 444,922 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Harsco by 92.1% during the 2nd quarter. Victory Capital Management Inc. now owns 2,464,337 shares of the industrial products company’s stock worth $54,461,000 after purchasing an additional 1,181,648 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Harsco by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,270,312 shares of the industrial products company’s stock worth $64,816,000 after purchasing an additional 11,217 shares in the last quarter. SG Capital Management LLC increased its stake in shares of Harsco by 23.2% during the 3rd quarter. SG Capital Management LLC now owns 1,286,202 shares of the industrial products company’s stock worth $36,721,000 after purchasing an additional 242,018 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Harsco by 7.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,214,262 shares of the industrial products company’s stock worth $34,667,000 after purchasing an additional 80,367 shares in the last quarter. 83.17% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Scott H. Gerson sold 18,802 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $27.31, for a total transaction of $513,482.62. Following the completion of the sale, the senior vice president now directly owns 3,911 shares of the company’s stock, valued at approximately $106,809.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.04% of the stock is currently owned by insiders.
HSC stock opened at $24.02 on Thursday. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 32.46 and a beta of 2.55. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.47 and a quick ratio of 1.15. Harsco Co. has a one year low of $15.55 and a one year high of $30.05.
Harsco (NYSE:HSC) last released its earnings results on Wednesday, October 31st. The industrial products company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The firm had revenue of $445.48 million during the quarter, compared to analysts’ expectations of $447.17 million. Harsco had a net margin of 3.32% and a return on equity of 37.43%. Harsco’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 EPS. As a group, sell-side analysts expect that Harsco Co. will post 1.26 EPS for the current year.
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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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