Thrivent Financial For Lutherans trimmed its holdings in Harsco Co. (NYSE:HSC) by 16.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 459,469 shares of the industrial products company’s stock after selling 91,651 shares during the period. Thrivent Financial For Lutherans owned 0.57% of Harsco worth $8,569,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. LS Investment Advisors LLC grew its holdings in shares of Harsco by 127.7% in the fourth quarter. LS Investment Advisors LLC now owns 6,526 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 3,660 shares during the period. FDx Advisors Inc. purchased a new stake in shares of Harsco in the third quarter valued at about $222,000. Alps Advisors Inc. purchased a new stake in shares of Harsco in the fourth quarter valued at about $229,000. Emerald Advisers Inc. PA grew its holdings in shares of Harsco by 28.4% in the fourth quarter. Emerald Advisers Inc. PA now owns 14,091 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 3,120 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Harsco in the third quarter valued at about $296,000. Institutional investors and hedge funds own 84.14% of the company’s stock.
Harsco Co. (NYSE HSC) opened at $20.45 on Thursday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.87 and a current ratio of 1.25. The firm has a market cap of $1,669.42, a PE ratio of 227.22 and a beta of 2.68. Harsco Co. has a 12 month low of $11.40 and a 12 month high of $22.00.
Harsco (NYSE:HSC) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The company had revenue of $455.00 million during the quarter, compared to analyst estimates of $432.50 million. Harsco had a net margin of 0.49% and a return on equity of 30.82%. Harsco’s revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. equities analysts forecast that Harsco Co. will post 1.1 EPS for the current year.
HSC has been the subject of a number of analyst reports. Zacks Investment Research raised shares of 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. KeyCorp reissued a “buy” rating and issued a $25.00 price objective (up previously from $23.00) on shares of Harsco in a report on Tuesday, February 27th. Lake Street Capital reissued a “buy” rating and issued a $30.00 price objective (up previously from $26.00) on shares of Harsco in a report on Friday, February 23rd. Argus upped their price objective on shares of Harsco to $24.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Alembic Global Advisors reissued a “buy” rating on shares of Harsco in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.00.
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Harsco 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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