Shares of Harsco Co. (NYSE:HSC) have earned an average rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $27.33.

Several brokerages recently issued reports on HSC. ValuEngine upgraded Harsco from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Zacks Investment Research lowered Harsco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 4th. TheStreet upgraded Harsco from a “c” rating to a “b-” rating in a report on Thursday, May 3rd. Finally, KeyCorp increased their price objective on Harsco from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, August 3rd.

In related news, SVP Scott H. Gerson sold 7,519 shares of the stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $24.23, for a total transaction of $182,185.37. Following the completion of the sale, the senior vice president now directly owns 22,713 shares in the company, valued at $550,335.99. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.04% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Harsco by 7.7% during the second quarter. BlackRock Inc. now owns 11,127,397 shares of the industrial products company’s stock valued at $245,915,000 after buying an additional 794,247 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Harsco by 92.1% during 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 buying an additional 1,181,648 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Harsco by 2.2% during 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 buying an additional 49,093 shares in the last quarter. Hood River Capital Management LLC raised its holdings in Harsco by 4.1% during 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 buying an additional 73,711 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Harsco by 30.1% during the first quarter. Millennium Management LLC now owns 1,215,854 shares of the industrial products company’s stock valued at $25,107,000 after buying an additional 281,380 shares in the last quarter. Institutional investors own 85.95% of the company’s stock.

HSC opened at $24.65 on Tuesday. The firm has a market capitalization of $1.99 billion, a PE ratio of 33.31 and a beta of 2.76. Harsco has a 12-month low of $15.55 and a 12-month high of $26.75. The company has a quick ratio of 1.19, a current ratio of 1.53 and a debt-to-equity ratio of 2.45.

Harsco (NYSE:HSC) last announced its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Harsco had a return on equity of 34.29% and a net margin of 2.27%. The business had revenue of $432.00 million during the quarter, compared to analyst estimates of $426.30 million. During the same period last year, the company earned $0.22 earnings per share. Harsco’s quarterly revenue was up 9.4% compared to the same quarter last year. sell-side analysts anticipate that Harsco will post 1.23 EPS for the current fiscal year.

Harsco announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 2nd that permits the company to buyback $75.00 million in shares. This buyback authorization permits the industrial products company to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

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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