NumerixS Investment Technologies Inc purchased a new position in shares of Harsco Co. (NYSE:HSC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,100 shares of the industrial products company’s stock, valued at approximately $82,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blueshift Asset Management LLC purchased a new stake in shares of Harsco in the fourth quarter valued at about $333,000. Citigroup Inc. boosted its holdings in shares of Harsco by 67.1% in the fourth quarter. Citigroup Inc. now owns 35,784 shares of the industrial products company’s stock valued at $711,000 after acquiring an additional 14,369 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of Harsco in the fourth quarter valued at about $207,000. Texas Permanent School Fund boosted its holdings in shares of Harsco by 3.3% in the fourth quarter. Texas Permanent School Fund now owns 52,556 shares of the industrial products company’s stock valued at $1,044,000 after acquiring an additional 1,687 shares in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its holdings in shares of Harsco by 10.6% in the fourth quarter. Tocqueville Asset Management L.P. now owns 486,425 shares of the industrial products company’s stock valued at $9,660,000 after acquiring an additional 46,600 shares in the last quarter. Institutional investors and hedge funds own 83.08% of the company’s stock.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Harsco from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, January 22nd. Singular Research reaffirmed a “buy” rating on shares of Harsco in a report on Thursday, March 7th. Finally, ValuEngine downgraded shares of Harsco from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $30.50.

HSC stock opened at $21.77 on Friday. The stock has a market cap of $1.73 billion, a P/E ratio of 16.62 and a beta of 2.51. Harsco Co. has a 52 week low of $18.87 and a 52 week high of $30.05. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 1.87.

Harsco (NYSE:HSC) last released its quarterly earnings data on Thursday, February 21st. The industrial products company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $437.90 million for the quarter, compared to the consensus estimate of $437.23 million. Harsco had a net margin of 7.96% and a return on equity of 38.66%. The firm’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. On average, equities analysts predict that Harsco Co. will post 1.4 earnings per share for the current year.

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Harsco Profile

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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Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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