Algert Global LLC decreased its holdings in shares of Harsco Co. (NYSE:HSC) by 26.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,777 shares of the industrial products company’s stock after selling 38,797 shares during the quarter. Algert Global LLC owned about 0.13% of Harsco worth $3,020,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Harsco by 4.0% in the third quarter. BlackRock Inc. now owns 11,572,319 shares of the industrial products company’s stock valued at $330,390,000 after buying an additional 444,922 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Harsco by 92.1% in the second quarter. Victory Capital Management Inc. now owns 2,464,337 shares of the industrial products company’s stock valued at $54,461,000 after buying an additional 1,181,648 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Harsco by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,270,312 shares of the industrial products company’s stock valued at $64,816,000 after buying an additional 11,217 shares in the last quarter. SG Capital Management LLC grew its stake in shares of Harsco by 23.2% in the third quarter. SG Capital Management LLC now owns 1,286,202 shares of the industrial products company’s stock valued at $36,721,000 after buying an additional 242,018 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Harsco by 7.1% in the third quarter. Bank of New York Mellon Corp now owns 1,214,262 shares of the industrial products company’s stock valued at $34,667,000 after buying an additional 80,367 shares in the last quarter. 83.17% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the company. KeyCorp lifted their price objective on Harsco from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, September 12th. ValuEngine raised Harsco from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Lake Street Capital lifted their price objective on Harsco from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, Singular Research assumed coverage on Harsco in a research note on Monday, August 27th. They issued a “buy” rating and a $32.00 price objective for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.40.

In related news, SVP Scott H. Gerson sold 18,802 shares of Harsco stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $27.31, for a total value of $513,482.62. Following the completion of the transaction, the senior vice president now directly owns 3,911 shares in the company, valued at $106,809.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.04% of the company’s stock.

Shares of NYSE HSC opened at $24.02 on Thursday. Harsco Co. has a twelve month low of $15.55 and a twelve month high of $30.05. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $2.15 billion, a PE ratio of 32.46 and a beta of 2.55.

Harsco (NYSE:HSC) last issued its quarterly earnings data on Wednesday, October 31st. The industrial products company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. The business had revenue of $445.48 million during the quarter, compared to analysts’ expectations of $447.17 million. Harsco had a return on equity of 37.43% and a net margin of 3.32%. The company’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 earnings per share. As a group, research analysts anticipate that Harsco Co. will post 1.26 EPS for the current year.

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About Harsco

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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