Schwab Charles Investment Management Inc. raised its position in shares of Harsco Co. (NYSE:HSC) by 10.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 920,764 shares of the industrial products company’s stock after purchasing an additional 89,666 shares during the period. Schwab Charles Investment Management Inc. owned approximately 1.14% of Harsco worth $19,244,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. 1060 Capital LLC acquired a new position in shares of Harsco during the second quarter worth $14,658,000. First Quadrant L P CA acquired a new position in shares of Harsco during the third quarter worth $263,000. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Harsco during the second quarter worth $283,000. Parametrica Management Ltd acquired a new position in shares of Harsco during the third quarter worth $708,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Harsco during the second quarter worth $895,000. Institutional investors and hedge funds own 81.42% of the company’s stock.

Shares of Harsco Co. (NYSE HSC) opened at $18.65 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 2.87. Harsco Co. has a one year low of $11.40 and a one year high of $22.00. The firm has a market cap of $1,472.13, a price-to-earnings ratio of 26.52 and a beta of 3.09.

Harsco (NYSE:HSC) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. Harsco had a net margin of 1.69% and a return on equity of 32.46%. The company had revenue of $384.65 million for the quarter, compared to analysts’ expectations of $398.85 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Harsco’s revenue for the quarter was up 4.6% on a year-over-year basis. analysts forecast that Harsco Co. will post 0.68 EPS for the current year.

Several research analysts have recently issued reports on HSC shares. Argus upgraded shares of Harsco from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Friday, September 15th. Zacks Investment Research upgraded shares of Harsco from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Friday, November 10th. ValuEngine downgraded shares of Harsco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, BidaskClub cut shares of Harsco from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Harsco has an average rating of “Buy” and a consensus price target of $20.00.

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Harsco Company 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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