Great West Life Assurance Co. Can raised its stake in Harsco Corporation (NYSE:HSC) by 6.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 112,844 shares of the industrial products company’s stock after buying an additional 7,162 shares during the period. Great West Life Assurance Co. Can owned about 0.14% of Harsco Corporation worth $1,433,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of HSC. Comerica Bank increased its stake in Harsco Corporation by 5.7% in the fourth quarter. Comerica Bank now owns 85,582 shares of the industrial products company’s stock valued at $1,138,000 after buying an additional 4,608 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Harsco Corporation during the fourth quarter valued at $5,252,000. AQR Capital Management LLC boosted its position in Harsco Corporation by 19.0% in the fourth quarter. AQR Capital Management LLC now owns 242,604 shares of the industrial products company’s stock valued at $3,299,000 after buying an additional 38,699 shares during the period. Cortina Asset Management LLC boosted its position in Harsco Corporation by 4.1% in the fourth quarter. Cortina Asset Management LLC now owns 543,498 shares of the industrial products company’s stock valued at $7,392,000 after buying an additional 21,622 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Harsco Corporation by 42.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,323,000 shares of the industrial products company’s stock valued at $17,993,000 after buying an additional 395,500 shares during the period. Hedge funds and other institutional investors own 83.95% of the company’s stock.
Harsco Corporation (NYSE HSC) opened at 16.80 on Friday. Harsco Corporation has a 52 week low of $5.81 and a 52 week high of $16.88. The firm’s market capitalization is $1.35 billion. The company has a 50 day moving average price of $15.05 and a 200-day moving average price of $13.80.
Harsco Corporation (NYSE:HSC) last announced its quarterly earnings data on Wednesday, May 3rd. The industrial products company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.09. Harsco Corporation had a positive return on equity of 20.08% and a negative net margin of 4.48%. The business had revenue of $372.54 million during the quarter, compared to analyst estimates of $343.40 million. During the same period in the prior year, the company earned $0.03 earnings per share. Harsco Corporation’s revenue was up 5.5% compared to the same quarter last year. Equities analysts predict that Harsco Corporation will post $0.54 earnings per share for the current year.
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Several equities research analysts recently commented on the company. Zacks Investment Research raised Harsco Corporation from a “sell” rating to a “hold” rating in a research note on Monday, March 20th. Jefferies Group LLC reaffirmed a “buy” rating and set a $15.00 target price (up previously from $13.00) on shares of Harsco Corporation in a research report on Monday, March 20th. Finally, BidaskClub raised Harsco Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $16.25.
In other news, SVP Scott H. Gerson sold 6,706 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $15.10, for a total value of $101,260.60. Following the completion of the transaction, the senior vice president now directly owns 32,125 shares of the company’s stock, valued at $485,087.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.76% of the stock is owned by company insiders.
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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