Arrowstreet Capital Limited Partnership decreased its position in Harsco Co. (NYSE:HSC) by 16.4% in the 4th quarter, HoldingsChannel reports. The fund owned 33,138 shares of the industrial products company’s stock after selling 6,500 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Harsco were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Penn Capital Management Co. Inc. grew its position in shares of Harsco by 23.1% in the 4th quarter. Penn Capital Management Co. Inc. now owns 680,377 shares of the industrial products company’s stock worth $12,707,000 after acquiring an additional 127,791 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Harsco by 35.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 70,468 shares of the industrial products company’s stock worth $1,314,000 after acquiring an additional 18,428 shares in the last quarter. BlackRock Inc. grew its position in shares of Harsco by 1.8% in the 4th quarter. BlackRock Inc. now owns 10,490,112 shares of the industrial products company’s stock worth $195,642,000 after acquiring an additional 190,286 shares in the last quarter. Rhumbline Advisers grew its position in shares of Harsco by 15.3% in the 4th quarter. Rhumbline Advisers now owns 185,517 shares of the industrial products company’s stock worth $3,460,000 after acquiring an additional 24,670 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of Harsco by 223.7% in the 4th quarter. Arizona State Retirement System now owns 135,205 shares of the industrial products company’s stock worth $2,522,000 after acquiring an additional 93,439 shares in the last quarter. Institutional investors own 84.14% of the company’s stock.
Several research analysts have recently commented on HSC shares. Argus lifted their target price on Harsco to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research downgraded Harsco from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Alembic Global Advisors reissued a “buy” rating on shares of Harsco in a report on Friday, February 23rd. ValuEngine downgraded Harsco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, KeyCorp reissued a “buy” rating and issued a $25.00 price target (up previously from $23.00) on shares of Harsco in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $24.00.
Harsco (NYSE:HSC) last announced its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.06. The business had revenue of $455.00 million for the quarter, compared to the consensus estimate of $432.50 million. Harsco had a return on equity of 30.82% and a net margin of 0.49%. The business’s revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. analysts forecast that Harsco Co. will post 1.1 earnings per share for the current year.
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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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