Hood River Capital Management LLC increased its holdings in Harsco Co. (NYSE:HSC) by 35.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,786,307 shares of the industrial products company’s stock after acquiring an additional 468,117 shares during the quarter. Harsco makes up 1.9% of Hood River Capital Management LLC’s portfolio, making the stock its 13th biggest position. Hood River Capital Management LLC owned 2.22% of Harsco worth $33,315,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Swiss National Bank increased its holdings in Harsco by 3.5% in the fourth quarter. Swiss National Bank now owns 137,000 shares of the industrial products company’s stock valued at $2,555,000 after buying an additional 4,600 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Harsco during the fourth quarter valued at approximately $512,000. Crossmark Global Holdings Inc. grew its holdings in shares of Harsco by 45.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 20,505 shares of the industrial products company’s stock valued at $382,000 after purchasing an additional 6,365 shares during the last quarter. Emerald Advisers Inc. PA grew its holdings in Harsco by 28.4% in the 4th quarter. Emerald Advisers Inc. PA now owns 14,091 shares of the industrial products company’s stock worth $263,000 after buying an additional 3,120 shares in the last quarter. Finally, Alps Advisors Inc. bought a new position in Harsco in the 4th quarter worth approximately $229,000. Institutional investors and hedge funds own 82.64% of the company’s stock.
Harsco Co. (NYSE:HSC) traded down $0.35 during midday trading on Friday, hitting $16.55. 466,120 shares of the stock were exchanged, compared to its average volume of 377,589. Harsco Co. has a 1-year low of $11.40 and a 1-year high of $22.00. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.30 and a quick ratio of 0.83. The firm has a market capitalization of $1,331.35, a P/E ratio of 53.39 and a beta of 2.96.
A number of brokerages recently issued reports on HSC. Zacks Investment Research raised Harsco from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a report on Tuesday, January 23rd. ValuEngine downgraded Harsco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Argus increased their price objective on Harsco to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $21.00.
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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