Gotham Asset Management LLC increased its holdings in Harsco Co. (NYSE:HSC) by 26.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 306,285 shares of the industrial products company’s stock after purchasing an additional 64,911 shares during the quarter. Gotham Asset Management LLC’s holdings in Harsco were worth $5,712,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Harsco by 30.3% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 261,100 shares of the industrial products company’s stock worth $4,868,000 after buying an additional 60,700 shares in the last quarter. HBK Investments L P boosted its position in shares of Harsco by 8.3% in the 4th quarter. HBK Investments L P now owns 281,318 shares of the industrial products company’s stock worth $5,247,000 after buying an additional 21,525 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of Harsco in the 4th quarter worth about $666,000. Guggenheim Capital LLC purchased a new stake in shares of Harsco in the 4th quarter worth about $1,334,000. Finally, Deutsche Bank AG boosted its position in shares of Harsco by 5.3% in the 4th quarter. Deutsche Bank AG now owns 432,199 shares of the industrial products company’s stock worth $8,059,000 after buying an additional 21,772 shares in the last quarter. Institutional investors and hedge funds own 84.12% of the company’s stock.
Several research analysts recently weighed in on the stock. Argus boosted their target price on shares of Harsco to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded shares of Harsco from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Alembic Global Advisors reissued a “buy” rating on shares of Harsco in a research note on Friday, February 23rd. Lake Street Capital reissued a “buy” rating and issued a $30.00 target price (up previously from $26.00) on shares of Harsco in a research note on Friday, February 23rd. Finally, KeyCorp reissued a “buy” rating and issued a $25.00 target price (up previously from $23.00) on shares of Harsco in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Harsco has an average rating of “Buy” and an average price target of $24.00.
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, beating the consensus estimate of $0.14 by $0.06. Harsco had a net margin of 0.49% and a return on equity of 30.82%. The firm had revenue of $455.00 million during the quarter, compared to the consensus estimate of $432.50 million. During the same quarter in the previous year, the company posted $0.16 EPS. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. equities analysts expect that Harsco Co. will post 1.1 earnings per share for the current fiscal year.
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Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail. The Harsco Metals & Minerals segment provides on-site services of material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; and value added environmental solutions for industrial co-products, as well as produces industrial abrasives and roofing granules.
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