Ontario Teachers Pension Plan Board bought a new stake in shares of Harsco Co. (NYSE:HSC) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 129,793 shares of the industrial products company’s stock, valued at approximately $905,000. Ontario Teachers Pension Plan Board owned 0.16% of Harsco at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC lifted its position in Harsco by 829.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,323 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 2,073 shares during the period. Aigen Investment Management LP acquired a new position in Harsco during the 4th quarter valued at about $57,000. Nisa Investment Advisors LLC lifted its position in Harsco by 770.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 5,310 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 4,700 shares during the period. Clear Harbor Asset Management LLC bought a new stake in shares of Harsco in the 4th quarter valued at about $156,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Harsco by 23.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,663 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 1,443 shares during the last quarter. Institutional investors own 86.43% of the company’s stock.
A number of brokerages have recently commented on HSC. Zacks Investment Research raised Harsco from a “sell” rating to a “hold” rating in a research note on Wednesday, April 1st. Barrington Research lowered their price target on Harsco from $25.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. They noted that the move was a valuation call. KeyCorp lowered their price target on Harsco from $24.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. ValuEngine raised Harsco from a “sell” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, TheStreet cut Harsco from a “b-” rating to a “c+” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Harsco presently has an average rating of “Buy” and an average target price of $19.00.
NYSE HSC opened at $9.38 on Friday. The business has a 50 day simple moving average of $8.23 and a 200 day simple moving average of $15.02. Harsco Co. has a 52-week low of $4.19 and a 52-week high of $27.97. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.14 and a current ratio of 1.51. The stock has a market cap of $758.08 million, a price-to-earnings ratio of 12.16, a PEG ratio of 1.62 and a beta of 2.62.
Harsco (NYSE:HSC) last posted its earnings results on Friday, May 8th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.14. The business had revenue of $398.80 million during the quarter, compared to analysts’ expectations of $380.60 million. Harsco had a return on equity of 9.64% and a net margin of 30.74%. Harsco’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 EPS. On average, analysts predict that Harsco Co. will post 0.6 EPS for the current year.
In other Harsco news, SVP Jeswant Gill purchased 6,486 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was bought at an average cost of $7.00 per share, with a total value of $45,402.00. Following the purchase, the senior vice president now directly owns 40,169 shares of the company’s stock, valued at $281,183. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edgar M. Purvis, Jr. purchased 9,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $9.30 per share, with a total value of $83,700.00. Insiders have bought a total of 53,364 shares of company stock valued at $381,568 over the last ninety days. Company insiders own 1.81% of the company’s stock.
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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