Harsco Co. (HSC) Holdings Cut by Algert Global LLC
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.
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.
TRADEMARK VIOLATION WARNING: This piece was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.watchlistnews.com/harsco-co-hsc-holdings-cut-by-algert-global-llc/2663662.html.
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.
Read More: What is the NASDAQ?
Receive News & Ratings for Harsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harsco and related companies with MarketBeat.com's FREE daily email newsletter.