Huber Capital Management LLC reduced its stake in shares of Harsco Co. (NYSE:HSC) by 79.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 60,358 shares of the industrial products company’s stock after selling 229,680 shares during the quarter. Huber Capital Management LLC’s holdings in Harsco were worth $1,723,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Tower Research Capital LLC TRC grew its position in shares of Harsco by 1,234.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,244 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 4,851 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Harsco in the second quarter valued at approximately $118,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Harsco in the third quarter valued at approximately $176,000. Parsec Financial Management Inc. acquired a new stake in shares of Harsco in the third quarter valued at approximately $214,000. Finally, Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in shares of Harsco in the third quarter valued at approximately $218,000. Institutional investors own 83.17% of the company’s stock.
In other news, SVP Scott H. Gerson sold 18,802 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $27.31, for a total value of $513,482.62. Following the transaction, the senior vice president now owns 3,911 shares of the company’s stock, valued at approximately $106,809.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.04% of the company’s stock.
Shares of NYSE HSC opened at $24.02 on Thursday. Harsco Co. has a 1 year low of $15.55 and a 1 year high of $30.05. The company has a market cap of $1.93 billion, a P/E ratio of 32.46 and a beta of 2.55. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 2.05.
Harsco (NYSE:HSC) last announced its earnings results on Wednesday, October 31st. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. Harsco had a net margin of 3.32% and a return on equity of 37.43%. The firm had revenue of $445.48 million for the quarter, compared to analyst estimates of $447.17 million. During the same quarter last year, the business earned $0.20 earnings per share. Harsco’s revenue was up 15.8% compared to the same quarter last year. Sell-side analysts anticipate that Harsco Co. will post 1.26 earnings per share for the current year.
HSC has been the topic of several research reports. Lake Street Capital increased their price target on shares of Harsco from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, October 31st. KeyCorp increased their price target on shares of Harsco from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, September 12th. ValuEngine lowered shares of Harsco from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, Singular Research initiated coverage on shares of Harsco in a research report on Monday, August 27th. They issued a “buy” rating and a $32.00 price target on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Harsco currently has an average rating of “Buy” and a consensus price target of $29.40.
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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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