Comerica Bank raised its stake in Harsco Corporation (NYSE:HSC) by 15.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,461 shares of the industrial products company’s stock after buying an additional 12,879 shares during the period. Comerica Bank owned 0.12% of Harsco Corporation worth $1,299,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HSC. 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 valued at $112,000 after buying an additional 170 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Harsco Corporation by 1.6% in the first quarter. BNP Paribas Arbitrage SA now owns 25,093 shares of the industrial products company’s stock valued at $320,000 after buying an additional 404 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Harsco Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 32,700 shares of the industrial products company’s stock valued at $417,000 after buying an additional 500 shares during the last quarter. New Jersey Better Educational Savings Trust increased its stake in Harsco Corporation by 11.1% in the first quarter. New Jersey Better Educational Savings Trust now owns 20,000 shares of the industrial products company’s stock valued at $255,000 after buying an additional 2,000 shares during the last quarter. Finally, Strs Ohio increased its stake in Harsco Corporation by 3.9% in the first quarter. Strs Ohio now owns 68,600 shares of the industrial products company’s stock valued at $874,000 after buying an additional 2,600 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Institutional Ownership by Quarter for Harsco Corporation (NYSE:HSC)

Shares of Harsco Corporation (NYSE:HSC) opened at 16.80 on Friday. The company has a 50-day moving average price of $15.05 and a 200 day moving average price of $13.80. The company’s market capitalization is $1.35 billion. Harsco Corporation has a 12-month low of $5.81 and a 12-month high of $16.88.

Harsco Corporation (NYSE:HSC) last released its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. Harsco Corporation had a positive return on equity of 20.08% and a negative net margin of 4.48%. The company had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $343.40 million. During the same period last year, the business posted $0.03 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Harsco Corporation will post $0.54 earnings per share for the current fiscal year.

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Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Harsco Corporation from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, May 16th. BidaskClub upgraded Harsco Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 price objective (up from $13.00) on shares of Harsco Corporation in a report on Monday, March 20th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.25.

In other Harsco Corporation news, SVP Scott H. Gerson sold 6,706 shares of the stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $15.10, for a total value of $101,260.60. Following the completion of the sale, the senior vice president now directly owns 32,125 shares in the company, valued at $485,087.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.76% of the company’s stock.

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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