Hood River Capital Management LLC grew its position in Harsco Co. (NYSE:HSC) by 35.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,786,307 shares of the industrial products company’s stock after purchasing an additional 468,117 shares during the period. Harsco makes up approximately 1.9% of Hood River Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Hood River Capital Management LLC owned 2.22% of Harsco worth $33,315,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Quadrant L P CA bought a new stake in Harsco during the third quarter worth about $263,000. Cornerstone Capital Management Holdings LLC. bought a new stake in Harsco during the second quarter worth about $283,000. Parametrica Management Ltd bought a new stake in Harsco during the third quarter worth about $708,000. WINTON GROUP Ltd bought a new stake in Harsco during the second quarter worth about $895,000. Finally, Eagle Boston Investment Management Inc. raised its holdings in Harsco by 15.2% during the third quarter. Eagle Boston Investment Management Inc. now owns 65,726 shares of the industrial products company’s stock worth $1,403,000 after acquiring an additional 8,678 shares in the last quarter. Institutional investors and hedge funds own 81.21% of the company’s stock.
Several analysts recently issued reports on HSC shares. Zacks Investment Research upgraded Harsco from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Friday, November 10th. ValuEngine lowered Harsco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Argus upped their target price on Harsco to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Harsco currently has an average rating of “Buy” and an average price target of $21.00.
Shares of Harsco Co. (HSC) opened at $16.10 on Friday. Harsco Co. has a twelve month low of $11.40 and a twelve month high of $22.00. The stock has a market capitalization of $1,295.15, a PE ratio of 23.33 and a beta of 2.95. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 2.87.
Harsco (NYSE:HSC) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $384.65 million for the quarter, compared to the consensus estimate of $398.85 million. Harsco had a return on equity of 32.46% and a net margin of 1.69%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. analysts expect that Harsco Co. will post 0.68 EPS for the current fiscal year.
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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