7,500 Shares in Harsco Co. (HSC) Purchased by Parsec Financial Management Inc.

Parsec Financial Management Inc. acquired a new stake in shares of Harsco Co. (NYSE:HSC) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,500 shares of the industrial products company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Harsco by 7.7% in the second quarter. BlackRock Inc. now owns 11,127,397 shares of the industrial products company’s stock valued at $245,915,000 after acquiring an additional 794,247 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Harsco by 92.1% in the second quarter. Victory Capital Management Inc. now owns 2,464,337 shares of the industrial products company’s stock valued at $54,461,000 after acquiring an additional 1,181,648 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Harsco by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,259,095 shares of the industrial products company’s stock valued at $49,927,000 after acquiring an additional 49,093 shares during the last quarter. Hood River Capital Management LLC raised its stake in shares of Harsco by 4.1% in the second quarter. Hood River Capital Management LLC now owns 1,881,988 shares of the industrial products company’s stock valued at $41,592,000 after acquiring an additional 73,711 shares during the last quarter. Finally, SG Capital Management LLC raised its stake in shares of Harsco by 23.2% in the third quarter. SG Capital Management LLC now owns 1,286,202 shares of the industrial products company’s stock valued at $36,721,000 after acquiring an additional 242,018 shares during the last quarter. 81.83% of the stock is currently owned by institutional investors.

NYSE:HSC opened at $24.31 on Wednesday. Harsco Co. has a 1 year low of $15.55 and a 1 year high of $30.05. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.53 and a quick ratio of 1.19. The company has a market capitalization of $1.89 billion, a PE ratio of 32.85 and a beta of 2.79.



Harsco (NYSE:HSC) last posted its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. Harsco had a net margin of 2.27% and a return on equity of 34.29%. The firm had revenue of $432.00 million during the quarter, compared to analysts’ expectations of $426.30 million. During the same quarter in the previous year, the company posted $0.22 EPS. Harsco’s revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Harsco Co. will post 1.23 EPS for the current year.

A number of research analysts have recently issued reports on the stock. KeyCorp lifted their target price on shares of Harsco from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. Singular Research assumed coverage on shares of Harsco in a research note on Monday, August 27th. They issued a “buy” rating and a $32.00 target price for the company. ValuEngine upgraded shares of Harsco from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research cut shares of Harsco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 4th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $28.80.

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.

Recommended Story: Growth Stocks

Want to see what other hedge funds are holding HSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harsco Co. (NYSE:HSC).

Institutional Ownership by Quarter for Harsco (NYSE:HSC)

Receive News & Ratings for Harsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harsco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply