GSA Capital Partners LLP Sells 17,187 Shares of Harsco Co. (HSC)
GSA Capital Partners LLP cut its stake in Harsco Co. (NYSE:HSC) by 46.0% in the fourth quarter, Holdings Channel reports. The fund owned 20,165 shares of the industrial products company’s stock after selling 17,187 shares during the period. GSA Capital Partners LLP’s holdings in Harsco were worth $400,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of HSC. Bank of New York Mellon Corp boosted its holdings in Harsco by 6.1% during the second quarter. Bank of New York Mellon Corp now owns 1,133,895 shares of the industrial products company’s stock worth $25,059,000 after purchasing an additional 64,780 shares during the last quarter. First Trust Advisors LP boosted its holdings in Harsco by 31.8% during the third quarter. First Trust Advisors LP now owns 198,453 shares of the industrial products company’s stock worth $5,666,000 after purchasing an additional 47,844 shares during the last quarter. US Bancorp DE raised its position in Harsco by 2.7% in the third quarter. US Bancorp DE now owns 70,283 shares of the industrial products company’s stock worth $2,006,000 after acquiring an additional 1,849 shares during the period. American Century Companies Inc. raised its position in Harsco by 6.4% in the third quarter. American Century Companies Inc. now owns 334,646 shares of the industrial products company’s stock worth $9,554,000 after acquiring an additional 20,106 shares during the period. Finally, Dupont Capital Management Corp bought a new stake in Harsco in the third quarter worth about $463,000. 83.08% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on HSC. Zacks Investment Research raised shares of Harsco from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, January 22nd. Singular Research reaffirmed a “buy” rating on shares of Harsco in a research report on Thursday, March 7th. Finally, ValuEngine lowered shares of Harsco from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Harsco currently has a consensus rating of “Buy” and a consensus target price of $30.50.
Harsco (NYSE:HSC) last announced its quarterly earnings data on Thursday, February 21st. The industrial products company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $437.90 million for the quarter, compared to analyst estimates of $437.23 million. Harsco had a net margin of 7.96% and a return on equity of 38.66%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Research analysts predict that Harsco Co. will post 1.4 earnings per share for the current year.
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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