NJ State Employees Deferred Compensation Plan increased its position in Harsco Corporation (NYSE:HSC) by 200.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,000 shares of the industrial products company’s stock after buying an additional 30,000 shares during the period. NJ State Employees Deferred Compensation Plan owned about 0.06% of Harsco Corporation worth $725,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Rothschild Asset Management Inc. increased its stake in Harsco Corporation by 7.4% in the second quarter. Rothschild Asset Management Inc. now owns 1,999,650 shares of the industrial products company’s stock worth $32,194,000 after buying an additional 138,274 shares during the period. Great West Life Assurance Co. Can increased its stake in Harsco Corporation by 3.0% in the second quarter. Great West Life Assurance Co. Can now owns 116,244 shares of the industrial products company’s stock worth $1,866,000 after buying an additional 3,400 shares during the period. NGAM Advisors L.P. increased its stake in Harsco Corporation by 5.6% in the second quarter. NGAM Advisors L.P. now owns 33,975 shares of the industrial products company’s stock worth $547,000 after buying an additional 1,793 shares during the period. Hanson & Doremus Investment Management increased its stake in Harsco Corporation by 2.2% in the second quarter. Hanson & Doremus Investment Management now owns 17,070 shares of the industrial products company’s stock worth $275,000 after buying an additional 360 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in Harsco Corporation by 3.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 18,930 shares of the industrial products company’s stock worth $305,000 after buying an additional 610 shares during the period. Institutional investors own 82.90% of the company’s stock.

Shares of Harsco Corporation (NYSE HSC) opened at 16.75 on Monday. The company’s market capitalization is $1.34 billion. The firm’s 50 day moving average is $16.05 and its 200-day moving average is $14.22. Harsco Corporation has a 52-week low of $8.52 and a 52-week high of $17.08.

Harsco Corporation (NYSE:HSC) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue was up 6.7% on a year-over-year basis. Equities research analysts anticipate that Harsco Corporation will post $0.62 earnings per share for the current fiscal year.

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A number of analysts have commented on the stock. Lake Street Capital restated a “buy” rating on shares of Harsco Corporation in a research report on Friday. BidaskClub downgraded shares of Harsco Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of Harsco Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, KeyCorp restated an “overweight” rating and set a $19.00 price target (up from $17.50) on shares of Harsco Corporation in a research report on Monday, June 26th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Harsco Corporation currently has a consensus rating of “Buy” and an average target price of $17.00.

In other news, SVP Scott H. Gerson sold 6,706 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $15.10, for a total value of $101,260.60. Following the transaction, the senior vice president now owns 32,125 shares of the company’s stock, valued at approximately $485,087.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.76% of the stock is currently owned by company insiders.

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

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