JPMorgan Chase & Co. trimmed its holdings in shares of Harsco Co. (NYSE:HSC) by 8.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 775,110 shares of the industrial products company’s stock after selling 73,592 shares during the period. JPMorgan Chase & Co. owned 0.96% of Harsco worth $16,084,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Federated Investors Inc. PA increased its holdings in Harsco by 1.7% during the 2nd 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 in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Harsco by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 62,856 shares of the industrial products company’s stock valued at $1,011,000 after purchasing an additional 448 shares in the last quarter. Texas Permanent School Fund boosted its position in Harsco by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 58,549 shares of the industrial products company’s stock valued at $943,000 after buying an additional 497 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Harsco by 3.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,930 shares of the industrial products company’s stock valued at $305,000 after buying an additional 610 shares during the last quarter. Finally, Amalgamated Bank boosted its position in Harsco by 5.8% in the 2nd quarter. Amalgamated Bank now owns 11,536 shares of the industrial products company’s stock valued at $186,000 after buying an additional 634 shares during the last quarter. 81.42% of the stock is owned by hedge funds and other institutional investors.

Harsco Co. (NYSE HSC) opened at $18.65 on Tuesday. The company has a market capitalization of $1,472.13, a price-to-earnings ratio of 26.52 and a beta of 3.09. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.30 and a quick ratio of 0.83. Harsco Co. has a 12-month low of $11.40 and a 12-month high of $22.00.

Harsco (NYSE:HSC) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.04. The firm had revenue of $384.65 million for the quarter, compared to analyst estimates of $398.85 million. Harsco had a return on equity of 32.46% and a net margin of 1.69%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. equities research analysts predict that Harsco Co. will post 0.68 earnings per share for the current fiscal year.

HSC has been the topic of a number of recent research reports. BidaskClub lowered Harsco from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Argus upgraded Harsco from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Friday, September 15th. Zacks Investment Research lowered Harsco from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, ValuEngine lowered Harsco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.00.

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About Harsco

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 (NYSE:HSC)

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