Acadian Asset Management LLC purchased a new position in Harsco Corporation (NYSE:HSC) during the second quarter, Holdings Channel reports. The firm purchased 24,122 shares of the industrial products company’s stock, valued at approximately $389,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Harsco Corporation by 36,936.1% in the first quarter. BlackRock Inc. now owns 9,685,304 shares of the industrial products company’s stock worth $123,489,000 after buying an additional 9,659,153 shares in the last quarter. Vanguard Group Inc. raised its position in Harsco Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 7,181,030 shares of the industrial products company’s stock worth $91,558,000 after buying an additional 384,883 shares in the last quarter. Victory Capital Management Inc. raised its position in Harsco Corporation by 1.9% in the first quarter. Victory Capital Management Inc. now owns 2,703,798 shares of the industrial products company’s stock worth $34,474,000 after buying an additional 51,242 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Harsco Corporation by 10.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,167,476 shares of the industrial products company’s stock worth $27,635,000 after buying an additional 200,320 shares in the last quarter. Finally, State Street Corp raised its position in Harsco Corporation by 3.1% in the first quarter. State Street Corp now owns 1,921,890 shares of the industrial products company’s stock worth $24,511,000 after buying an additional 58,490 shares in the last quarter. 81.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Harsco Corporation (NYSE:HSC) traded down 2.15% during midday trading on Monday, reaching $15.90. The company’s stock had a trading volume of 126,589 shares. The company’s market capitalization is $1.28 billion. Harsco Corporation has a 1-year low of $8.52 and a 1-year high of $17.80. The stock has a 50 day moving average of $16.08 and a 200-day moving average of $14.39.

Harsco Corporation (NYSE:HSC) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.22 EPS for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $384.40 million. During the same quarter in the prior year, the firm earned $0.15 EPS. Harsco Corporation’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities research analysts anticipate that Harsco Corporation will post $0.64 earnings per share for the current year.

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A number of equities analysts recently issued reports on HSC shares. Zacks Investment Research raised Harsco Corporation from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. BidaskClub raised Harsco Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Jefferies Group LLC reissued 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. Lake Street Capital reissued a “buy” rating on shares of Harsco Corporation in a report on Friday, August 4th. Finally, KeyCorp reissued an “overweight” rating and set a $19.00 price target (up previously from $17.50) on shares of Harsco Corporation in a report on Monday, June 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.50.

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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