Leeward Investments LLC MA Buys Shares of 572,608 Harsco Co. (NYSE:HSC)

Leeward Investments LLC MA bought a new stake in Harsco Co. (NYSE:HSCGet Rating) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 572,608 shares of the industrial products company’s stock, valued at approximately $7,009,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HSC. Brown Advisory Inc. grew its stake in shares of Harsco by 31.7% during the first quarter. Brown Advisory Inc. now owns 33,588 shares of the industrial products company’s stock worth $411,000 after acquiring an additional 8,080 shares during the last quarter. D.B. Root & Company LLC grew its stake in shares of Harsco by 28.9% during the first quarter. D.B. Root & Company LLC now owns 53,026 shares of the industrial products company’s stock worth $649,000 after acquiring an additional 11,886 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Harsco by 21.7% during the first quarter. Russell Investments Group Ltd. now owns 37,714 shares of the industrial products company’s stock worth $461,000 after acquiring an additional 6,718 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of Harsco by 23.7% during the first quarter. Wolverine Asset Management LLC now owns 156,327 shares of the industrial products company’s stock worth $1,913,000 after acquiring an additional 30,000 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Harsco by 8.0% during the first quarter. Victory Capital Management Inc. now owns 273,973 shares of the industrial products company’s stock worth $3,320,000 after acquiring an additional 20,200 shares during the last quarter. Hedge funds and other institutional investors own 95.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets assumed coverage on Harsco in a research note on Tuesday, July 12th. They set a “market perform” rating on the stock. TheStreet lowered Harsco from a “c-” rating to a “d” rating in a research report on Friday, May 13th. DA Davidson dropped their target price on Harsco from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 20th. Finally, Barrington Research dropped their target price on Harsco from $20.00 to $13.00 and set an “outperform” rating on the stock in a research report on Monday, July 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.00.

Harsco Stock Up 9.0 %

NYSE HSC opened at $6.39 on Friday. The business has a fifty day moving average price of $6.65 and a 200 day moving average price of $10.33. Harsco Co. has a one year low of $4.36 and a one year high of $19.90. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.37 and a current ratio of 1.32. The company has a market cap of $507.49 million, a P/E ratio of -3.13 and a beta of 1.70.

Harsco (NYSE:HSCGet Rating) last issued its earnings results on Tuesday, August 2nd. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $481.10 million during the quarter, compared to analysts’ expectations of $465.78 million. Harsco had a positive return on equity of 4.51% and a negative net margin of 8.36%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. Research analysts anticipate that Harsco Co. will post -0.06 EPS for the current fiscal year.

Harsco Profile

(Get Rating)

Harsco Corporation provides environmental solutions for industrial and specialty waste streams worldwide. It operates through two segments, Harsco Environmental and Harsco Clean Earth. The Harsco Environmental segment offers on-site services for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and produces value-added downstream products from industrial waste-stream.

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Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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