Harsco Co. (HSC) Holdings Boosted by Hood River Capital Management LLC

Hood River Capital Management LLC boosted its holdings in shares of Harsco Co. (NYSE:HSC) by 35.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,786,307 shares of the industrial products company’s stock after acquiring an additional 468,117 shares during the quarter. Harsco accounts for approximately 1.9% of Hood River Capital Management LLC’s portfolio, making the stock its 13th largest position. Hood River Capital Management LLC’s holdings in Harsco were worth $33,315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HSC. Victory Capital Management Inc. increased its position in Harsco by 3,860.6% during the fourth quarter. Victory Capital Management Inc. now owns 884,647 shares of the industrial products company’s stock worth $16,498,000 after buying an additional 862,311 shares during the last quarter. Vanguard Group Inc. increased its position in Harsco by 9.1% during the second quarter. Vanguard Group Inc. now owns 7,831,203 shares of the industrial products company’s stock worth $126,082,000 after buying an additional 650,173 shares during the last quarter. Ameriprise Financial Inc. increased its position in Harsco by 53.0% during the third quarter. Ameriprise Financial Inc. now owns 798,397 shares of the industrial products company’s stock worth $16,685,000 after buying an additional 276,439 shares during the last quarter. Heartland Advisors Inc. increased its position in Harsco by 111.9% during the fourth quarter. Heartland Advisors Inc. now owns 443,720 shares of the industrial products company’s stock worth $8,275,000 after buying an additional 234,350 shares during the last quarter. Finally, Smith Asset Management Group LP acquired a new position in Harsco during the third quarter worth approximately $4,489,000. 81.21% of the stock is currently owned by hedge funds and other institutional investors.

Harsco Co. (NYSE HSC) opened at $16.10 on Friday. Harsco Co. has a 12-month low of $11.40 and a 12-month high of $22.00. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.30 and a quick ratio of 0.83. The company has a market capitalization of $1,295.15, a P/E ratio of 23.33 and a beta of 2.95.

Harsco (NYSE:HSC) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Harsco had a return on equity of 32.46% and a net margin of 1.69%. The company had revenue of $384.65 million for the quarter, compared to the consensus estimate of $398.85 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. sell-side analysts expect that Harsco Co. will post 0.68 EPS for the current fiscal year.

HSC has been the topic of a number of recent analyst reports. Zacks Investment Research raised Harsco from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Friday, November 10th. Argus upped their target price on Harsco to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, ValuEngine downgraded Harsco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Harsco has a consensus rating of “Buy” and an average target price of $21.00.

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Harsco 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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Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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