First Trust Advisors LP boosted its holdings in shares of Harsco Co. (NYSE:HSC) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,913 shares of the industrial products company’s stock after acquiring an additional 4,978 shares during the period. First Trust Advisors LP owned approximately 0.17% of Harsco worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of HSC. LS Investment Advisors LLC lifted its holdings in Harsco by 127.7% during the fourth quarter. LS Investment Advisors LLC now owns 6,526 shares of the industrial products company’s stock worth $122,000 after acquiring an additional 3,660 shares in the last quarter. FDx Advisors Inc. acquired a new stake in shares of Harsco in the 3rd quarter valued at about $222,000. Alps Advisors Inc. acquired a new stake in shares of Harsco in the 4th quarter valued at about $229,000. Emerald Advisers Inc. PA raised its stake in shares of Harsco by 28.4% in the 4th quarter. Emerald Advisers Inc. PA now owns 14,091 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 3,120 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Harsco in the 3rd quarter valued at about $296,000. Hedge funds and other institutional investors own 84.14% of the company’s stock.

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Shares of Harsco Co. (HSC) opened at $20.70 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $1,633.21, a PE ratio of 27.81 and a beta of 2.68. Harsco Co. has a 12-month low of $11.40 and a 12-month high of $22.00.

Harsco (NYSE:HSC) last released its earnings results on Thursday, February 22nd. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. The business had revenue of $455.00 million for the quarter, compared to the consensus estimate of $432.50 million. Harsco had a return on equity of 30.82% and a net margin of 0.49%. Harsco’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. research analysts expect that Harsco Co. will post 1.1 EPS for the current year.

Several analysts have issued reports on the company. Zacks Investment Research downgraded Harsco from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Alembic Global Advisors reissued a “buy” rating on shares of Harsco in a research note on Friday, February 23rd. Argus lifted their price target on Harsco to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Lake Street Capital reissued a “buy” rating and issued a $30.00 price target (up previously from $26.00) on shares of Harsco in a research note on Friday, February 23rd. Finally, KeyCorp reissued a “buy” rating and issued a $25.00 price target (up previously from $23.00) on shares of Harsco in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Harsco presently has a consensus rating of “Buy” and a consensus target price of $24.00.

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Harsco Profile

Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.

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Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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