Dimensional Fund Advisors LP decreased its position in shares of Harsco Co. (NYSE:HSC) by 0.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,176,774 shares of the industrial products company’s stock after selling 5,564 shares during the period. Dimensional Fund Advisors LP’s holdings in Harsco were worth $45,494,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HSC. Hood River Capital Management LLC acquired a new stake in shares of Harsco during the 2nd quarter worth approximately $20,263,000. Vanguard Group Inc. boosted its position in shares of Harsco by 9.1% during the 2nd quarter. Vanguard Group Inc. now owns 7,831,203 shares of the industrial products company’s stock worth $126,082,000 after acquiring an additional 650,173 shares in the last quarter. BlackRock Inc. boosted its position in shares of Harsco by 3.8% during the 2nd quarter. BlackRock Inc. now owns 10,049,658 shares of the industrial products company’s stock worth $161,800,000 after acquiring an additional 364,354 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Harsco by 53.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 798,397 shares of the industrial products company’s stock worth $16,685,000 after acquiring an additional 276,439 shares in the last quarter. Finally, Smith Asset Management Group LP acquired a new stake in shares of Harsco during the 3rd quarter worth approximately $4,489,000. Institutional investors and hedge funds own 81.42% of the company’s stock.
Several research firms recently issued reports on HSC. Zacks Investment Research lowered shares of Harsco from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine lowered shares of Harsco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Argus upgraded shares of 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, September 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Harsco presently has a consensus rating of “Hold” and a consensus price target of $20.00.
Harsco Co. (NYSE:HSC) opened at $19.20 on Monday. The company has a market cap of $1,544.52, a P/E ratio of 61.94 and a beta of 3.10. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.30 and a quick ratio of 0.83. Harsco Co. has a 52 week low of $11.40 and a 52 week high of $22.00.
Harsco (NYSE:HSC) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The business had revenue of $384.65 million during the quarter, compared to the consensus estimate of $398.85 million. Harsco had a net margin of 1.69% and a return on equity of 32.46%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 EPS. equities analysts expect that Harsco Co. will post 0.68 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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