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.

In related news, SVP Scott H. Gerson sold 18,802 shares of the stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $27.31, for a total value of $513,482.62. Following the completion of the sale, the senior vice president now directly owns 3,911 shares of the company’s stock, valued at approximately $106,809.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.04% of the company’s stock.

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.

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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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Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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