BNP Paribas Arbitrage SA lifted its holdings in shares of Harsco Corporation (NYSE:HSC) by 39.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,051 shares of the industrial products company’s stock after buying an additional 9,958 shares during the period. BNP Paribas Arbitrage SA’s holdings in Harsco Corporation were worth $564,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. BlackRock Inc. grew its position in Harsco Corporation by 36,936.1% in the 1st quarter. BlackRock Inc. now owns 9,685,304 shares of the industrial products company’s stock worth $123,489,000 after purchasing an additional 9,659,153 shares during the last quarter. Vanguard Group Inc. grew its position in Harsco Corporation by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 7,181,030 shares of the industrial products company’s stock worth $91,558,000 after purchasing an additional 384,883 shares during the last quarter. Victory Capital Management Inc. grew its position in Harsco Corporation by 1.9% in the 1st quarter. Victory Capital Management Inc. now owns 2,703,798 shares of the industrial products company’s stock worth $34,474,000 after purchasing an additional 51,242 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Harsco Corporation by 10.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,167,476 shares of the industrial products company’s stock worth $27,635,000 after purchasing an additional 200,320 shares during the last quarter. Finally, Rothschild Asset Management Inc. grew its position in Harsco Corporation by 7.4% in the 2nd quarter. Rothschild Asset Management Inc. now owns 1,999,650 shares of the industrial products company’s stock worth $32,194,000 after purchasing an additional 138,274 shares during the last quarter. 80.68% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on HSC. Zacks Investment Research upgraded shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, August 8th. Lake Street Capital restated a “buy” rating on shares of Harsco Corporation in a research report on Friday, August 4th. BidaskClub cut shares of Harsco Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC restated a “buy” rating and issued a $19.00 target price (up previously from $18.00) on shares of Harsco Corporation in a research report on Wednesday, August 9th. Finally, KeyCorp restated an “overweight” rating and issued a $19.00 target price (up previously from $17.50) on shares of Harsco Corporation in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Harsco Corporation presently has a consensus rating of “Buy” and a consensus price target of $19.00.

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Harsco Corporation (NYSE HSC) opened at 17.65 on Thursday. The company’s market cap is $1.42 billion. The firm has a 50-day moving average of $16.48 and a 200 day moving average of $14.84. Harsco Corporation has a 52-week low of $8.52 and a 52-week high of $17.90.

Harsco Corporation (NYSE:HSC) last released 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. The company had revenue of $394.89 million during the quarter, compared to the consensus estimate of $384.40 million. Harsco Corporation had a negative net margin of 1.38% and a positive return on equity of 26.28%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm earned $0.15 EPS. Equities research 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.

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

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