State Board of Administration of Florida Retirement System continued to hold its stake in shares of Harsco Corporation (NYSE:HSC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,122 shares of the industrial products company’s stock at the close of the second quarter. State Board of Administration of Florida Retirement System owned about 0.10% of Harsco Corporation worth $1,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in HSC. BlackRock Inc. boosted its holdings in shares of 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 acquiring an additional 9,659,153 shares during the period. Rothschild Asset Management Inc. acquired a new position in shares of Harsco Corporation during the first quarter valued at $23,733,000. Vanguard Group Inc. boosted its holdings in shares of 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 acquiring an additional 384,883 shares during the period. American Century Companies Inc. boosted its holdings in shares of 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 acquiring an additional 299,483 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Harsco Corporation by 155.3% during the first quarter. Sei Investments Co. now owns 472,722 shares of the industrial products company’s stock valued at $6,027,000 after acquiring an additional 287,535 shares during the period. 80.67% of the stock is owned by institutional investors.

Shares of Harsco Corporation (HSC) opened at 18.70 on Monday. The company’s market capitalization is $1.50 billion. The company’s 50 day moving average is $16.67 and its 200-day moving average is $14.91. Harsco Corporation has a 52 week low of $8.52 and a 52 week high of $18.75.

Harsco Corporation (NYSE:HSC) last announced 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. The company had revenue of $394.89 million for 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 business’s revenue for the quarter 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 expect that Harsco Corporation will post $0.64 EPS for the current fiscal year.

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Several brokerages have recently issued reports on HSC. Argus raised shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Friday. 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. BidaskClub upgraded shares of Harsco Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Lake Street Capital restated a “buy” rating on shares of Harsco Corporation in a research note on Friday, August 4th. Finally, Zacks Investment Research cut shares of Harsco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Harsco Corporation presently has a consensus rating of “Buy” and an average target price of $19.50.

Harsco Corporation Company 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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