Harsco Corporation (HSC) Position Lowered by California State Teachers Retirement System

California State Teachers Retirement System decreased its stake in Harsco Corporation (NYSE:HSC) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,528 shares of the industrial products company’s stock after selling 16,210 shares during the period. California State Teachers Retirement System owned approximately 0.18% of Harsco Corporation worth $2,295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HSC. UBS Asset Management Americas Inc. lifted its stake in shares of Harsco Corporation by 12.8% in the first quarter. UBS Asset Management Americas Inc. now owns 42,286 shares of the industrial products company’s stock valued at $539,000 after purchasing an additional 4,806 shares during the period. Wellington Management Group LLP lifted its stake in shares of Harsco Corporation by 13.3% in the first quarter. Wellington Management Group LLP now owns 14,885 shares of the industrial products company’s stock valued at $190,000 after purchasing an additional 1,750 shares during the period. Teachers Advisors LLC lifted its stake in shares of Harsco Corporation by 2.8% in the first quarter. Teachers Advisors LLC now owns 242,073 shares of the industrial products company’s stock valued at $3,086,000 after purchasing an additional 6,503 shares during the period. Vanguard Group Inc. lifted its stake in shares of Harsco Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 7,181,030 shares of the industrial products company’s stock valued at $91,558,000 after purchasing an additional 384,883 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Harsco Corporation by 2.9% in the first quarter. Geode Capital Management LLC now owns 580,745 shares of the industrial products company’s stock valued at $7,404,000 after purchasing an additional 16,631 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

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Harsco Corporation (HSC) opened at $17.65 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 2.87. The stock has a market cap of $1,419.84, a PE ratio of 25.58 and a beta of 3.18. Harsco Corporation has a 52-week low of $11.40 and a 52-week high of $22.00.

Harsco Corporation (NYSE:HSC) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $384.65 million during the quarter, compared to analysts’ expectations of $398.85 million. Harsco Corporation had a net margin of 1.69% and a return on equity of 32.46%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. equities analysts expect that Harsco Corporation will post 0.68 EPS for the current year.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, August 8th. Lake Street Capital restated a “buy” rating on shares of Harsco Corporation in a research report on Friday, August 4th. BidaskClub cut shares of Harsco Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC restated a “buy” rating and set a $19.00 target price (up previously from $18.00) on shares of Harsco Corporation in a research report on Wednesday, August 9th. Finally, Argus upgraded shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Friday, September 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $20.00.

Harsco Corporation 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 Corporation (NYSE:HSC)

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