Harsco Co. (NYSE:HSC) Shares Purchased by Rhumbline Advisers

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Rhumbline Advisers boosted its position in Harsco Co. (NYSE:HSC) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 237,665 shares of the industrial products company’s stock after purchasing an additional 1,991 shares during the quarter. Rhumbline Advisers owned about 0.30% of Harsco worth $4,506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Virginia Retirement Systems ET AL acquired a new position in Harsco in the 3rd quarter valued at about $654,000. Envestnet Asset Management Inc. grew its holdings in Harsco by 33.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 99,467 shares of the industrial products company’s stock valued at $1,886,000 after buying an additional 24,995 shares during the period. State of Alaska Department of Revenue grew its holdings in Harsco by 125.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 61,670 shares of the industrial products company’s stock valued at $1,169,000 after buying an additional 34,372 shares during the period. Macquarie Group Ltd. grew its holdings in Harsco by 32.1% in the 2nd quarter. Macquarie Group Ltd. now owns 63,199 shares of the industrial products company’s stock valued at $1,734,000 after buying an additional 15,361 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new stake in Harsco in the 2nd quarter valued at about $15,668,000. 85.68% of the stock is owned by hedge funds and other institutional investors.

HSC opened at $22.77 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 1.00. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 17.38 and a beta of 2.25. The business has a 50-day moving average of $19.29 and a two-hundred day moving average of $22.24. Harsco Co. has a 12 month low of $16.33 and a 12 month high of $29.18.

Harsco (NYSE:HSC) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $423.15 million during the quarter, compared to analysts’ expectations of $443.00 million. Harsco had a net margin of 30.79% and a return on equity of 22.29%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. Equities research analysts anticipate that Harsco Co. will post 1.41 earnings per share for the current year.

In other news, SVP Tracey L. Mckenzie bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average price of $18.99 per share, for a total transaction of $37,980.00. Following the acquisition, the senior vice president now owns 30,949 shares of the company’s stock, valued at $587,721.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO F Nicholas Grasberger III bought 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of $16.73 per share, with a total value of $418,250.00. Following the acquisition, the chief executive officer now directly owns 500,048 shares in the company, valued at approximately $8,365,803.04. The disclosure for this purchase can be found here. Insiders acquired a total of 28,350 shares of company stock valued at $481,273 in the last 90 days. 1.64% of the stock is owned by company insiders.

Several analysts have commented on HSC shares. Zacks Investment Research cut Harsco from a “hold” rating to a “sell” rating in a report on Friday. Lake Street Capital lifted their price target on Harsco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, July 26th. TheStreet upgraded Harsco from a “c+” rating to a “b” rating in a report on Tuesday, October 29th. Finally, ValuEngine upgraded Harsco from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $30.33.

Harsco 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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Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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