First Trust Advisors LP increased its stake in Harsco Co. (NYSE:HSC) by 104.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,609 shares of the industrial products company’s stock after purchasing an additional 76,982 shares during the quarter. First Trust Advisors LP owned 0.19% of Harsco worth $3,328,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HSC. New York State Teachers Retirement System grew its stake in shares of Harsco by 4.6% in the 2nd quarter. New York State Teachers Retirement System now owns 187,226 shares of the industrial products company’s stock worth $4,138,000 after buying an additional 8,300 shares in the last quarter. Smith Asset Management Group LP grew its stake in shares of Harsco by 3.6% in the 2nd quarter. Smith Asset Management Group LP now owns 114,982 shares of the industrial products company’s stock worth $2,541,000 after buying an additional 4,010 shares in the last quarter. Emerald Advisers Inc. PA grew its stake in shares of Harsco by 14.0% in the 2nd quarter. Emerald Advisers Inc. PA now owns 18,241 shares of the industrial products company’s stock worth $403,000 after buying an additional 2,240 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Harsco by 36.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,531 shares of the industrial products company’s stock worth $476,000 after buying an additional 5,694 shares in the last quarter. Finally, Hood River Capital Management LLC grew its stake in shares of Harsco by 4.1% in the 2nd quarter. Hood River Capital Management LLC now owns 1,881,988 shares of the industrial products company’s stock worth $41,592,000 after buying an additional 73,711 shares in the last quarter. Institutional investors own 82.17% of the company’s stock.

HSC stock opened at $28.15 on Wednesday. Harsco Co. has a 12 month low of $15.55 and a 12 month high of $28.48. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.53 and a quick ratio of 1.19. The stock has a market cap of $2.28 billion, a P/E ratio of 38.04 and a beta of 2.79.

Harsco (NYSE:HSC) last released its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Harsco had a net margin of 2.27% and a return on equity of 34.29%. The firm had revenue of $432.00 million during the quarter, compared to analysts’ expectations of $426.30 million. During the same period in the previous year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. research analysts expect that Harsco Co. will post 1.23 earnings per share for the current year.

HSC has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Harsco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 4th. ValuEngine cut shares of Harsco from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Singular Research began coverage on shares of Harsco in a research note on Monday, August 27th. They set a “buy” rating and a $32.00 price target for the company. Finally, KeyCorp lifted their price target on shares of Harsco from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, August 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Harsco has an average rating of “Buy” and an average target price of $28.00.

Harsco Profile

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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Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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