SG Americas Securities LLC Makes New Investment in Harsco Co. (NYSE:HSC)

SG Americas Securities LLC purchased a new position in shares of Harsco Co. (NYSE:HSC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,323 shares of the industrial products company’s stock, valued at approximately $120,000.

A number of other large investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its stake in Harsco by 1.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 31,605 shares of the industrial products company’s stock worth $867,000 after acquiring an additional 500 shares during the last quarter. Strs Ohio increased its stake in Harsco by 7.8% during the second quarter. Strs Ohio now owns 6,900 shares of the industrial products company’s stock worth $189,000 after acquiring an additional 500 shares during the last quarter. Comerica Bank increased its stake in Harsco by 0.9% during the third quarter. Comerica Bank now owns 80,268 shares of the industrial products company’s stock worth $1,594,000 after acquiring an additional 710 shares during the last quarter. CoreCommodity Management LLC increased its stake in Harsco by 3.5% during the second quarter. CoreCommodity Management LLC now owns 34,613 shares of the industrial products company’s stock worth $950,000 after acquiring an additional 1,174 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of Harsco by 63.7% in the second quarter. Meeder Asset Management Inc. now owns 3,527 shares of the industrial products company’s stock valued at $96,000 after buying an additional 1,372 shares in the last quarter. Institutional investors own 92.16% of the company’s stock.

In other Harsco news, insider Robinson Shannon 10,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. 1.64% of the stock is owned by company insiders.

HSC stock opened at $22.25 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.00 and a current ratio of 1.21. Harsco Co. has a 1 year low of $16.33 and a 1 year high of $27.97. The firm has a market cap of $1.75 billion, a P/E ratio of 18.70 and a beta of 2.30. The stock has a 50-day simple moving average of $20.74 and a 200-day simple moving average of $22.14.

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

A number of equities research analysts have recently issued reports on HSC shares. TheStreet upgraded Harsco from a “c+” rating to a “b” rating in a research note on Tuesday, October 29th. Zacks Investment Research upgraded Harsco from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, ValuEngine upgraded Harsco from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Harsco has a consensus rating of “Buy” and an average price target of $30.33.

About Harsco

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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