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.
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.
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