Hsbc Holdings PLC trimmed its stake in shares of Harsco Co. (NYSE:HSC – Get Rating) by 21.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,766 shares of the industrial products company’s stock after selling 5,946 shares during the quarter. Hsbc Holdings PLC’s holdings in Harsco were worth $83,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Mutual of America Capital Management LLC lifted its holdings in shares of Harsco by 16.9% during the second quarter. Mutual of America Capital Management LLC now owns 13,338 shares of the industrial products company’s stock worth $95,000 after buying an additional 1,925 shares in the last quarter. Versor Investments LP acquired a new position in Harsco in the third quarter valued at about $102,000. Counterpoint Mutual Funds LLC acquired a new position in Harsco in the third quarter valued at about $82,000. Aristotle Capital Boston LLC raised its stake in Harsco by 1.9% in the second quarter. Aristotle Capital Boston LLC now owns 2,810,867 shares of the industrial products company’s stock valued at $19,985,000 after purchasing an additional 51,070 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in Harsco by 81.6% in the third quarter. Inspire Investing LLC now owns 54,650 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 24,564 shares in the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently commented on HSC. CJS Securities downgraded Harsco from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 13th. BMO Capital Markets boosted their target price on Harsco from $7.50 to $9.50 and gave the stock a “market perform” rating in a research note on Tuesday, February 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.83.
Harsco Stock Performance
NYSE:HSC opened at $7.41 on Monday. The stock has a market cap of $589.10 million, a P/E ratio of -3.28 and a beta of 2.08. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 2.15. The stock’s 50-day moving average is $7.77 and its 200-day moving average is $6.45. Harsco Co. has a 1-year low of $3.73 and a 1-year high of $13.95.
Harsco (NYSE:HSC – Get Rating) last announced its earnings results on Monday, February 27th. The industrial products company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.08. Harsco had a positive return on equity of 1.25% and a negative net margin of 9.53%. The business had revenue of $468.00 million for the quarter, compared to analysts’ expectations of $460.05 million. During the same period in the prior year, the business posted $0.22 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. Equities research analysts anticipate that Harsco Co. will post -0.36 earnings per share for the current year.
Harsco Profile
Harsco Corp. engages in the provision of industrial services and engineered products. It operates through the following business segments: Harsco Environmental, Harsco Clean Earth, and Harsco Rail. The Harsco Environmental provides environmental services and material processing to the global steel and metals industries.
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