Harsco Corporation (NYSE:HSC) Position Held by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System continued to hold its stake in Harsco Corporation (NYSE:HSC) during the second quarter, Holdings Channel reports. The fund owned 32,700 shares of the industrial products company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Harsco Corporation were worth $526,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its stake in Harsco Corporation by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 8,850 shares of the industrial products company’s stock worth $112,000 after buying an additional 170 shares during the period. Invictus RG bought a new stake in shares of Harsco Corporation during the first quarter valued at $120,000. Fox Run Management L.L.C. bought a new stake in shares of Harsco Corporation during the second quarter valued at $167,000. Quantbot Technologies LP bought a new stake in shares of Harsco Corporation during the first quarter valued at $147,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Harsco Corporation during the first quarter valued at $148,000. 82.90% of the stock is owned by hedge funds and other institutional investors.
Shares of Harsco Corporation (HSC) traded up 1.55% during midday trading on Friday, hitting $16.40. The stock had a trading volume of 291,620 shares. The firm has a 50-day moving average price of $16.06 and a 200-day moving average price of $14.37. The firm’s market cap is $1.32 billion. Harsco Corporation has a 1-year low of $8.52 and a 1-year high of $17.80.
Harsco Corporation (NYSE:HSC) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Harsco Corporation had a positive return on equity of 26.28% and a negative net margin of 1.38%. The company had revenue of $394.89 million for the quarter, compared to analyst estimates of $384.40 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts anticipate that Harsco Corporation will post $0.64 EPS for the current fiscal year.
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Several brokerages have recently weighed in on HSC. Jefferies Group LLC reaffirmed a “buy” rating and issued a $19.00 target price (up previously from $18.00) on shares of Harsco Corporation in a research report on Wednesday. BidaskClub raised Harsco Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Lake Street Capital reaffirmed a “buy” rating on shares of Harsco Corporation in a research report on Friday, August 4th. Zacks Investment Research downgraded Harsco Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $19.00 target price (up previously from $17.50) on shares of Harsco Corporation in a research report on Monday, June 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Harsco Corporation has a consensus rating of “Buy” and a consensus price target of $18.50.
Harsco Corporation 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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