PNC Financial Services Group Inc. increased its stake in Harsco Co. (NYSE:HSC) by 181.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,308 shares of the industrial products company’s stock after purchasing an additional 49,167 shares during the period. PNC Financial Services Group Inc. owned approximately 0.09% of Harsco worth $1,685,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of HSC. Emerald Advisers Inc. PA boosted its stake in Harsco by 14.0% in the second quarter. Emerald Advisers Inc. PA now owns 18,241 shares of the industrial products company’s stock valued at $403,000 after buying an additional 2,240 shares in the last quarter. Swiss National Bank boosted its stake in Harsco by 1.8% in the first quarter. Swiss National Bank now owns 139,500 shares of the industrial products company’s stock valued at $2,881,000 after buying an additional 2,500 shares in the last quarter. Eagle Boston Investment Management Inc. boosted its stake in Harsco by 3.9% in the second quarter. Eagle Boston Investment Management Inc. now owns 84,252 shares of the industrial products company’s stock valued at $1,861,000 after buying an additional 3,199 shares in the last quarter. Royal Bank of Canada boosted its stake in Harsco by 18.4% in the first quarter. Royal Bank of Canada now owns 22,012 shares of the industrial products company’s stock valued at $454,000 after buying an additional 3,425 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Harsco by 1.9% in the first quarter. Rhumbline Advisers now owns 188,951 shares of the industrial products company’s stock valued at $3,902,000 after buying an additional 3,434 shares in the last quarter. Institutional investors own 82.17% of the company’s stock.

HSC has been the topic of several research analyst reports. ValuEngine lowered Harsco from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. KeyCorp raised their price objective on Harsco from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. Singular Research initiated coverage on Harsco in a research note on Monday, August 27th. They issued a “buy” rating and a $32.00 price objective on the stock. Finally, Zacks Investment Research lowered Harsco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 4th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $28.80.

Shares of HSC stock opened at $29.75 on Tuesday. Harsco Co. has a 12 month low of $15.55 and a 12 month high of $29.75. The stock has a market cap of $2.39 billion, a PE ratio of 40.20 and a beta of 2.79. The company has a current ratio of 1.53, a quick ratio of 1.19 and a debt-to-equity ratio of 2.45.

Harsco (NYSE:HSC) last announced its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. Harsco had a return on equity of 34.29% and a net margin of 2.27%. The firm had revenue of $432.00 million for the quarter, compared to analyst estimates of $426.30 million. During the same period last year, the firm posted $0.22 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. equities analysts predict that Harsco Co. will post 1.23 EPS for the current year.

Harsco Profile

Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail. The Harsco Metals & Minerals segment provides on-site services of material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; and value added environmental solutions for industrial co-products, as well as produces industrial abrasives and roofing granules.

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Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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