PNC Financial Services Group Inc. lessened its holdings in shares of Harsco Corporation (NYSE:HSC) by 51.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,375 shares of the industrial products company’s stock after selling 38,017 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Harsco Corporation were worth $569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HSC. Bank of New York Mellon Corp boosted its stake in Harsco Corporation by 6.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,118,178 shares of the industrial products company’s stock worth $14,256,000 after purchasing an additional 67,175 shares during the last quarter. Comerica Bank boosted its stake in Harsco Corporation by 15.0% during the 1st quarter. Comerica Bank now owns 98,461 shares of the industrial products company’s stock worth $1,299,000 after purchasing an additional 12,879 shares during the last quarter. Swiss National Bank boosted its stake in Harsco Corporation by 2.2% during the 1st quarter. Swiss National Bank now owns 132,400 shares of the industrial products company’s stock worth $1,688,000 after purchasing an additional 2,800 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Harsco Corporation by 12.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 42,286 shares of the industrial products company’s stock worth $539,000 after purchasing an additional 4,806 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Harsco Corporation during the 1st quarter worth $640,000. 80.67% of the stock is currently owned by institutional investors.

Harsco Corporation (NYSE:HSC) opened at 21.45 on Friday. The stock’s market cap is $1.72 billion. Harsco Corporation has a 12-month low of $9.05 and a 12-month high of $21.75. The stock’s 50 day moving average price is $19.28 and its 200 day moving average price is $16.06.

Harsco Corporation (NYSE:HSC) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The business had revenue of $394.89 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. Analysts forecast that Harsco Corporation will post $0.64 EPS for the current fiscal year.

Several brokerages have issued reports on HSC. Jefferies Group LLC reaffirmed a “buy” rating and set a $19.00 target price (up previously from $18.00) on shares of Harsco Corporation in a research note on Wednesday, August 9th. BidaskClub cut shares of Harsco Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, August 8th. Lake Street Capital reaffirmed a “buy” rating on shares of Harsco Corporation in a research note on Friday, August 4th. Finally, Argus raised 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 note on Friday, September 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Harsco Corporation has an average rating of “Hold” and an average price target of $19.50.

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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.

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

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