Zeke Capital Advisors LLC Invests $254,000 in Harsco Co. (HSC)
Zeke Capital Advisors LLC bought a new position in shares of Harsco Co. (NYSE:HSC) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,911 shares of the industrial products company’s stock, valued at approximately $254,000.
Several other large investors have also recently modified their holdings of HSC. Victory Capital Management Inc. raised its position in shares of Harsco by 92.1% during the second quarter. Victory Capital Management Inc. now owns 2,464,337 shares of the industrial products company’s stock worth $54,461,000 after purchasing an additional 1,181,648 shares during the period. BlackRock Inc. raised its position in shares of Harsco by 7.7% during the second quarter. BlackRock Inc. now owns 11,127,397 shares of the industrial products company’s stock worth $245,915,000 after purchasing an additional 794,247 shares during the period. Castleark Management LLC acquired a new position in shares of Harsco during the second quarter worth approximately $6,179,000. Columbus Circle Investors acquired a new position in shares of Harsco during the second quarter worth approximately $5,435,000. Finally, SG Capital Management LLC raised its position in shares of Harsco by 23.2% during the third quarter. SG Capital Management LLC now owns 1,286,202 shares of the industrial products company’s stock worth $36,721,000 after purchasing an additional 242,018 shares during the period. 81.60% of the stock is currently owned by institutional investors.
A number of brokerages have recently weighed in on HSC. KeyCorp upped their target price on Harsco from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, August 3rd. Singular Research began coverage on Harsco in a research report on Monday, August 27th. They set a “buy” rating and a $32.00 target price on the stock. ValuEngine raised Harsco from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. Finally, Lake Street Capital upped their target price on Harsco from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $29.40.
NYSE HSC opened at $27.90 on Monday. The firm has a market capitalization of $2.24 billion, a P/E ratio of 37.70 and a beta of 2.51. Harsco Co. has a 12 month low of $15.55 and a 12 month high of $30.05. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 2.05.
Harsco (NYSE:HSC) last released its quarterly earnings results on Wednesday, October 31st. The industrial products company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $445.48 million during the quarter, compared to analyst estimates of $447.17 million. Harsco had a return on equity of 37.43% and a net margin of 3.32%. Harsco’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. Equities analysts expect that Harsco Co. will post 1.26 EPS for the current year.
Harsco Company 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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