Harsco Co. (HSC) Shares Bought by Texas Permanent School Fund
Texas Permanent School Fund increased its stake in shares of Harsco Co. (NYSE:HSC) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 52,556 shares of the industrial products company’s stock after acquiring an additional 1,687 shares during the quarter. Texas Permanent School Fund’s holdings in Harsco were worth $1,044,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of Harsco by 6.1% in the second quarter. Bank of New York Mellon Corp now owns 1,133,895 shares of the industrial products company’s stock worth $25,059,000 after acquiring an additional 64,780 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Harsco by 31.8% in the third quarter. First Trust Advisors LP now owns 198,453 shares of the industrial products company’s stock worth $5,666,000 after acquiring an additional 47,844 shares during the last quarter. US Bancorp DE boosted its stake in shares of Harsco by 2.7% in the third quarter. US Bancorp DE now owns 70,283 shares of the industrial products company’s stock worth $2,006,000 after acquiring an additional 1,849 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Harsco by 6.4% in the third quarter. American Century Companies Inc. now owns 334,646 shares of the industrial products company’s stock worth $9,554,000 after acquiring an additional 20,106 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in shares of Harsco in the third quarter worth approximately $463,000. 83.08% of the stock is currently owned by hedge funds and other institutional investors.
HSC has been the topic of a number of research analyst reports. Zacks Investment Research raised Harsco from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Singular Research reaffirmed a “buy” rating on shares of Harsco in a research note on Thursday, March 7th. Finally, ValuEngine lowered Harsco from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Harsco has an average rating of “Buy” and a consensus price target of $30.50.
Harsco (NYSE:HSC) last released its quarterly earnings data on Thursday, February 21st. The industrial products company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04. The company had revenue of $437.90 million for the quarter, compared to analyst estimates of $437.23 million. Harsco had a return on equity of 38.66% and a net margin of 7.96%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. Equities analysts anticipate that Harsco Co. will post 1.4 EPS for the current year.
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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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