Guggenheim Capital LLC Buys Shares of 71,511 Harsco (HSC)

Guggenheim Capital LLC bought a new stake in shares of Harsco (NYSE:HSC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 71,511 shares of the industrial products company’s stock, valued at approximately $1,334,000. Guggenheim Capital LLC owned about 0.09% of Harsco at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in HSC. Wells Fargo & Company MN increased its holdings in Harsco by 116.0% in the 3rd quarter. Wells Fargo & Company MN now owns 231,569 shares of the industrial products company’s stock worth $4,840,000 after acquiring an additional 124,354 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Harsco in the 4th quarter worth about $469,000. Strs Ohio increased its holdings in Harsco by 9.2% in the 4th quarter. Strs Ohio now owns 57,000 shares of the industrial products company’s stock worth $1,063,000 after acquiring an additional 4,800 shares during the last quarter. Chicago Equity Partners LLC increased its holdings in Harsco by 7.4% in the 4th quarter. Chicago Equity Partners LLC now owns 225,500 shares of the industrial products company’s stock worth $4,206,000 after acquiring an additional 15,613 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Harsco by 29.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,920 shares of the industrial products company’s stock worth $353,000 after acquiring an additional 4,340 shares during the last quarter. 85.42% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE HSC opened at $22.00 on Friday. Harsco has a 52 week low of $12.05 and a 52 week high of $23.20. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $1,786.08, a price-to-earnings ratio of 29.73 and a beta of 2.63.

Harsco (NYSE:HSC) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. Harsco had a return on equity of 30.82% and a net margin of 0.49%. The business had revenue of $455.00 million during the quarter, compared to the consensus estimate of $432.50 million. During the same quarter last year, the company earned $0.16 EPS. The firm’s revenue was up 26.4% compared to the same quarter last year. equities analysts forecast that Harsco will post 1.1 earnings per share for the current fiscal year.

Several brokerages recently weighed in on HSC. 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. Alembic Global Advisors reissued a “buy” rating on shares of Harsco in a report on Friday, February 23rd. 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. Finally, Argus lifted their price objective on Harsco to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. 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 issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $24.00.

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Harsco Company Profile

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.

Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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