Flinton Capital Management LLC lifted its stake in shares of Harsco Corporation (NYSE:HSC) by 71.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,496 shares of the industrial products company’s stock after buying an additional 2,716 shares during the quarter. Flinton Capital Management LLC’s holdings in Harsco Corporation were worth $105,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Invictus RG purchased a new stake in shares of Harsco Corporation during the 1st quarter worth approximately $120,000. Federated Investors Inc. PA lifted its position in shares of Harsco Corporation by 1.7% during the 2nd quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock worth $124,000 after buying an additional 132 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Harsco Corporation during the 1st quarter worth approximately $148,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Harsco Corporation during the 1st quarter worth approximately $158,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Harsco Corporation during the 2nd quarter worth approximately $167,000. Institutional investors and hedge funds own 80.67% of the company’s stock.
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Several analysts have recently weighed in on HSC shares. Argus upgraded shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Friday, September 15th. BidaskClub downgraded shares of Harsco Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Jefferies Group LLC restated a “buy” rating and set a $19.00 price objective (up previously from $18.00) on shares of Harsco Corporation in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, August 8th. Finally, Lake Street Capital reiterated a “buy” rating on shares of Harsco Corporation in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Harsco Corporation has an average rating of “Hold” and an average target price of $19.50.
Harsco Corporation (HSC) opened at 21.15 on Wednesday. The firm has a 50-day moving average of $19.28 and a 200 day moving average of $16.08. The firm’s market capitalization is $1.70 billion. Harsco Corporation has a 52 week low of $9.05 and a 52 week high of $21.90.
Harsco Corporation (NYSE:HSC) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The company had revenue of $394.89 million for the quarter, compared to analysts’ expectations of $384.40 million. Harsco Corporation had a positive return on equity of 26.28% and a negative net margin of 1.38%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. Analysts predict that Harsco Corporation will post $0.64 earnings per share for the current year.
Harsco Corporation Company Profile
Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.
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