Ameriprise Financial Inc. raised its position in Harsco Co. (NYSE:HSC) by 53.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 798,397 shares of the industrial products company’s stock after acquiring an additional 276,439 shares during the period. Ameriprise Financial Inc. owned approximately 0.99% of Harsco worth $16,685,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HSC. Federated Investors Inc. PA increased its holdings in shares of Harsco by 1.7% in the 2nd quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 132 shares in the last quarter. US Bancorp DE increased its holdings in shares of Harsco by 0.5% in the 2nd quarter. US Bancorp DE now owns 33,305 shares of the industrial products company’s stock valued at $536,000 after purchasing an additional 157 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Harsco by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 62,856 shares of the industrial products company’s stock valued at $1,011,000 after purchasing an additional 448 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of Harsco by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 58,549 shares of the industrial products company’s stock valued at $943,000 after purchasing an additional 497 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in shares of Harsco by 3.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,930 shares of the industrial products company’s stock valued at $305,000 after purchasing an additional 610 shares in the last quarter. Institutional investors own 81.44% of the company’s stock.

A number of brokerages have recently issued reports on HSC. Zacks Investment Research downgraded shares of Harsco from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Argus upgraded shares of Harsco from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Friday, September 15th. ValuEngine downgraded shares of Harsco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, BidaskClub downgraded shares of Harsco from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $20.00.

Harsco Co. (NYSE HSC) traded up $0.15 during trading hours on Thursday, reaching $17.65. 424,500 shares of the company’s stock traded hands, compared to its average volume of 514,397. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.30 and a quick ratio of 0.83. Harsco Co. has a 52-week low of $11.40 and a 52-week high of $22.00. The stock has a market cap of $1,407.78, a P/E ratio of 25.36 and a beta of 3.09.

Harsco (NYSE:HSC) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $384.65 million during the quarter, compared to the consensus estimate of $398.85 million. During the same period last year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. sell-side analysts predict that Harsco Co. will post 0.68 EPS for the current year.

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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.

Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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