State of Tennessee Treasury Department cut its position in Harsco Corporation (NYSE:HSC) by 5.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,791 shares of the industrial products company’s stock after selling 4,474 shares during the quarter. State of Tennessee Treasury Department owned about 0.09% of Harsco Corporation worth $1,480,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HSC. BlackRock Inc. increased its holdings in Harsco Corporation by 3.8% in the 2nd quarter. BlackRock Inc. now owns 10,049,658 shares of the industrial products company’s stock worth $161,800,000 after purchasing an additional 364,354 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Harsco Corporation by 9.1% in the second quarter. Vanguard Group Inc. now owns 7,831,203 shares of the industrial products company’s stock worth $126,082,000 after acquiring an additional 650,173 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Harsco Corporation by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,182,338 shares of the industrial products company’s stock valued at $35,136,000 after purchasing an additional 14,862 shares in the last quarter. State Street Corp lifted its holdings in shares of Harsco Corporation by 4.1% in the second quarter. State Street Corp now owns 1,999,994 shares of the industrial products company’s stock valued at $32,197,000 after purchasing an additional 78,104 shares in the last quarter. Finally, Rothschild Asset Management Inc. increased its position in shares of Harsco Corporation by 7.4% during the second quarter. Rothschild Asset Management Inc. now owns 1,999,650 shares of the industrial products company’s stock valued at $32,194,000 after acquiring an additional 138,274 shares during the last quarter. Institutional investors and hedge funds own 77.44% of the company’s stock.

Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Harsco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Argus raised Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Friday, September 15th. ValuEngine lowered Harsco Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Jefferies Group LLC restated a “buy” rating and set a $19.00 price target (up previously from $18.00) on shares of Harsco Corporation in a report on Wednesday, August 9th. Finally, Lake Street Capital reaffirmed a “buy” rating on shares of Harsco Corporation in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $20.00.

Shares of Harsco Corporation (NYSE:HSC) opened at $17.95 on Wednesday. The company has a market cap of $1,367.56, a PE ratio of 24.64 and a beta of 3.18. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.83 and a current ratio of 1.30. Harsco Corporation has a one year low of $11.40 and a one year high of $22.00.

Harsco Corporation (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 consensus estimate of $0.16 by $0.04. The company had revenue of $384.65 million for the quarter, compared to analyst estimates of $398.85 million. Harsco Corporation had a net margin of 1.69% and a return on equity of 32.46%. Harsco Corporation’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. research analysts forecast that Harsco Corporation will post 0.68 EPS for the current fiscal year.

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About Harsco Corporation

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 Corporation (NYSE:HSC)

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