American Century Companies Inc. raised its position in Harsco Co. (NYSE:HSC) by 6.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 334,646 shares of the industrial products company’s stock after purchasing an additional 20,106 shares during the period. American Century Companies Inc. owned about 0.41% of Harsco worth $9,554,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HSC. Tower Research Capital LLC TRC boosted its stake in shares of Harsco by 1,234.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,244 shares of the industrial products company’s stock valued at $116,000 after acquiring an additional 4,851 shares during the last quarter. Bank of Montreal Can acquired a new stake in Harsco in the 2nd quarter worth about $118,000. Stratos Wealth Partners LTD. acquired a new stake in Harsco in the 3rd quarter worth about $176,000. Parsec Financial Management Inc. acquired a new stake in Harsco in the 3rd quarter worth about $214,000. Finally, Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in Harsco in the 3rd quarter worth about $218,000. 81.60% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on the company. KeyCorp raised their price target on Harsco from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, August 3rd. Singular Research assumed coverage on Harsco in a research note on Monday, August 27th. They issued a “buy” rating and a $32.00 price target on the stock. ValuEngine raised Harsco from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Finally, Lake Street Capital raised their price target on Harsco from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $29.40.

Shares of NYSE:HSC opened at $24.95 on Wednesday. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 33.72 and a beta of 2.51. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 2.05. Harsco Co. has a 12-month low of $15.55 and a 12-month high of $30.05.

Harsco (NYSE:HSC) last released its quarterly earnings data on Wednesday, October 31st. The industrial products company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $445.48 million for the quarter, compared to the consensus estimate of $447.17 million. Harsco had a return on equity of 37.43% and a net margin of 3.32%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the business posted $0.20 EPS. Sell-side analysts expect that Harsco Co. will post 1.26 earnings per share for the current year.

In other news, SVP Scott H. Gerson sold 18,802 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $27.31, for a total value of $513,482.62. Following the transaction, the senior vice president now directly owns 3,911 shares in the company, valued at approximately $106,809.41. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.04% of the company’s stock.

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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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