Engineers Gate Manager LP Acquires 18,591 Shares of Harsco Corporation (HSC)
Engineers Gate Manager LP raised its holdings in shares of Harsco Corporation (NYSE:HSC) by 35.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,027 shares of the industrial products company’s stock after buying an additional 18,591 shares during the period. Engineers Gate Manager LP owned about 0.09% of Harsco Corporation worth $1,144,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in HSC. BlackRock Inc. lifted its position in Harsco Corporation by 36,936.1% during the first quarter. BlackRock Inc. now owns 9,685,304 shares of the industrial products company’s stock valued at $123,489,000 after buying an additional 9,659,153 shares in the last quarter. Rothschild Asset Management Inc. acquired a new position in Harsco Corporation during the first quarter valued at approximately $23,733,000. 1060 Capital LLC acquired a new position in Harsco Corporation during the second quarter valued at approximately $14,658,000. Vanguard Group Inc. lifted its position in Harsco Corporation by 5.7% during the first quarter. Vanguard Group Inc. now owns 7,181,030 shares of the industrial products company’s stock valued at $91,558,000 after buying an additional 384,883 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Harsco Corporation by 56.9% during the first quarter. American Century Companies Inc. now owns 826,249 shares of the industrial products company’s stock valued at $10,535,000 after buying an additional 299,483 shares in the last quarter. 80.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Harsco Corporation (NYSE HSC) opened at 17.65 on Thursday. The stock’s market cap is $1.42 billion. Harsco Corporation has a 1-year low of $8.52 and a 1-year high of $17.90. The stock’s 50 day moving average is $16.48 and its 200-day moving average is $14.84.
Harsco Corporation (NYSE:HSC) last announced its earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. The firm had revenue of $394.89 million during the quarter, compared to analysts’ expectations of $384.40 million. Harsco Corporation had a positive return on equity of 26.28% and a negative net margin of 1.38%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. On average, analysts anticipate that Harsco Corporation will post $0.64 EPS for the current year.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Tuesday, August 8th. Lake Street Capital reaffirmed 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 reaffirmed a “buy” rating and set a $19.00 price target (up from $18.00) on shares of Harsco Corporation in a research report on Wednesday, August 9th. Finally, KeyCorp reiterated an “overweight” rating and set a $19.00 price objective (up previously from $17.50) on shares of Harsco Corporation in a research note on Monday, June 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.00.
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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