Loews Corp maintained its stake in shares of Harsco Corporation (NYSE:HSC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,845 shares of the industrial products company’s stock at the end of the 2nd quarter. Loews Corp’s holdings in Harsco Corporation were worth $191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Investors Inc. PA grew its position in shares of Harsco Corporation by 1.7% in the second quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 132 shares during the period. US Bancorp DE grew its position in shares of Harsco Corporation by 0.5% in the second quarter. US Bancorp DE now owns 33,305 shares of the industrial products company’s stock valued at $536,000 after purchasing an additional 157 shares during the period. Parkwood LLC grew its position in shares of Harsco Corporation by 1.0% in the first quarter. Parkwood LLC now owns 15,819 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 159 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of Harsco Corporation by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 18,320 shares of the industrial products company’s stock valued at $234,000 after purchasing an additional 290 shares during the period. Finally, Hanson & Doremus Investment Management grew its position in shares of 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 valued at $275,000 after purchasing an additional 360 shares during the period. Institutional investors and hedge funds own 80.68% of the company’s stock.

Harsco Corporation (HSC) traded up 4.76% during trading on Friday, reaching $18.70. 1,240,072 shares of the company were exchanged. The stock has a 50 day moving average price of $16.67 and a 200 day moving average price of $14.91. The firm’s market capitalization is $1.50 billion. Harsco Corporation has a 12 month low of $8.52 and a 12 month high of $18.75.

Harsco Corporation (NYSE:HSC) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $384.40 million. During the same period last year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts expect that Harsco Corporation will post $0.64 EPS for the current fiscal year.

Several analysts have recently issued reports on the stock. Argus upgraded shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday. Jefferies Group LLC reiterated 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. BidaskClub upgraded shares of Harsco Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Lake Street Capital reiterated a “buy” rating on shares of Harsco Corporation in a research report on Friday, August 4th. Finally, Zacks Investment Research lowered shares of Harsco Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.50.

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Harsco Corporation 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.

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

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