Bank of New York Mellon Corp Sells 85,358 Shares of Harsco Corp. (HSC)
Bank of New York Mellon Corp lowered its stake in Harsco Corp. (NYSE:HSC) by 8.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 914,574 shares of the company’s stock after selling 85,358 shares during the period. Bank of New York Mellon Corp owned 1.14% of Harsco Corp. worth $6,073,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Thomson Horstmann & Bryant Inc. increased its stake in shares of Harsco Corp. by 2,496.3% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 1,131,730 shares of the company’s stock valued at $7,514,000 after buying an additional 1,088,140 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Harsco Corp. during the first quarter valued at $3,422,000. Bogle Investment Management L P DE bought a new stake in shares of Harsco Corp. during the first quarter valued at $3,329,000. JPMorgan Chase & Co. increased its stake in shares of Harsco Corp. by 13,955,200.0% in the first quarter. JPMorgan Chase & Co. now owns 558,212 shares of the company’s stock valued at $3,042,000 after buying an additional 558,208 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of Harsco Corp. during the first quarter valued at $2,295,000. 80.64% of the stock is owned by hedge funds and other institutional investors.
Harsco Corp. (NYSE:HSC) traded up 3.09% on Thursday, reaching $9.02. The company’s stock had a trading volume of 462,420 shares. The firm’s market capitalization is $723.17 million. Harsco Corp. has a 52-week low of $3.55 and a 52-week high of $12.54. The firm has a 50-day moving average price of $10.04 and a 200 day moving average price of $7.59.
Harsco Corp. (NYSE:HSC) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Harsco Corp. had a positive return on equity of 12.38% and a negative net margin of 3.42%. The company had revenue of $370 million for the quarter, compared to the consensus estimate of $377.30 million. During the same period in the previous year, the business earned $0.08 EPS. Harsco Corp.’s revenue for the quarter was down 18.9% compared to the same quarter last year. Equities analysts anticipate that Harsco Corp. will post $0.37 earnings per share for the current fiscal year.
HSC has been the subject of several recent research reports. Zacks Investment Research downgraded Harsco Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Lake Street Capital initiated coverage on Harsco Corp. in a report on Tuesday, September 13th. They set a “buy” rating and a $17.00 price target for the company. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Harsco Corp. in a report on Monday, August 1st.
About Harsco Corp.
Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. Its Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the metals industries across the world.
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