Zacks Investment Management Purchases Shares of 80,384 Harsco Corporation (HSC)
Zacks Investment Management purchased a new position in shares of Harsco Corporation (NYSE:HSC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 80,384 shares of the industrial products company’s stock, valued at approximately $1,294,000. Zacks Investment Management owned approximately 0.10% of Harsco Corporation at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Invictus RG purchased a new stake in shares of Harsco Corporation during the 1st quarter valued at $120,000. Federated Investors Inc. PA grew its stake in Harsco Corporation by 1.7% during the 2nd quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock worth $124,000 after buying an additional 132 shares during the last quarter. Quantbot Technologies LP purchased a new position in Harsco Corporation during the 1st quarter worth $147,000. Raymond James Financial Services Advisors Inc. purchased a new position in Harsco Corporation during the 1st quarter worth $148,000. Finally, Cipher Capital LP purchased a new position in Harsco Corporation during the 1st quarter worth $155,000. 80.67% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the company. BidaskClub upgraded Harsco Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. KeyCorp restated an “overweight” rating and set a $19.00 price target (up previously from $17.50) on shares of Harsco Corporation in a research note on Monday, June 26th. Zacks Investment Research lowered shares of Harsco Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Lake Street Capital reaffirmed a “buy” rating on shares of Harsco Corporation in a research report on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $19.00 target price (up from $18.00) on shares of Harsco Corporation in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.50.
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Shares of Harsco Corporation (HSC) opened at 20.90 on Monday. The stock’s market cap is $1.68 billion. The firm’s 50-day moving average price is $16.91 and its 200 day moving average price is $15.00. Harsco Corporation has a 1-year low of $9.05 and a 1-year high of $21.10.
Harsco Corporation (NYSE:HSC) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Harsco Corporation had a negative net margin of 1.38% and a positive return on equity of 26.28%. The firm had revenue of $394.89 million for the quarter, compared to analyst estimates of $384.40 million. During the same period last year, the business earned $0.15 EPS. Harsco Corporation’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities analysts expect that Harsco Corporation will post $0.64 earnings per share for the current fiscal year.
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.
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