Cubist Systematic Strategies LLC lowered its holdings in shares of Harsco Co. (NYSE:HSC) by 39.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,868 shares of the industrial products company’s stock after selling 17,030 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Harsco were worth $541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Federated Investors Inc. PA lifted its position in Harsco by 1.7% during the second quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 132 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Harsco by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 62,856 shares of the industrial products company’s stock worth $1,011,000 after acquiring an additional 448 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Harsco by 3.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,930 shares of the industrial products company’s stock worth $305,000 after acquiring an additional 610 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Harsco by 5.8% in the 2nd quarter. Amalgamated Bank now owns 11,536 shares of the industrial products company’s stock worth $186,000 after acquiring an additional 634 shares during the last quarter. Finally, Martingale Asset Management L P lifted its holdings in shares of Harsco by 1.3% in the 2nd quarter. Martingale Asset Management L P now owns 115,958 shares of the industrial products company’s stock worth $1,867,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 81.42% of the company’s stock.

Several equities research analysts have recently issued reports on HSC shares. ValuEngine lowered shares of Harsco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Zacks Investment Research lowered shares of Harsco from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Argus upgraded shares of Harsco from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Harsco currently has a consensus rating of “Buy” and an average price target of $20.00.

Shares of Harsco Co. (NYSE:HSC) opened at $18.55 on Thursday. Harsco Co. has a twelve month low of $11.40 and a twelve month high of $22.00. The firm has a market cap of $1,490.00, a PE ratio of 59.84 and a beta of 3.10. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 2.87.

Harsco (NYSE:HSC) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Harsco had a net margin of 1.69% and a return on equity of 32.46%. The company had revenue of $384.65 million during the quarter, compared to analyst estimates of $398.85 million. During the same quarter last year, the business posted $0.14 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. equities analysts forecast that Harsco Co. will post 0.68 earnings per share for the current fiscal year.

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About Harsco

Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.

Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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