Emerald Advisers Inc. PA Has $263,000 Position in Harsco Co. (HSC)
Emerald Advisers Inc. PA increased its position in shares of Harsco Co. (NYSE:HSC) by 28.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,091 shares of the industrial products company’s stock after acquiring an additional 3,120 shares during the period. Emerald Advisers Inc. PA’s holdings in Harsco were worth $263,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of HSC. Wells Fargo & Company MN grew its stake in Harsco by 8.5% in the 2nd quarter. Wells Fargo & Company MN now owns 107,215 shares of the industrial products company’s stock worth $1,726,000 after buying an additional 8,427 shares in the last quarter. Alliancebernstein L.P. grew its stake in Harsco by 2.5% in the 2nd quarter. Alliancebernstein L.P. now owns 102,700 shares of the industrial products company’s stock worth $1,653,000 after buying an additional 2,480 shares in the last quarter. BlackRock Inc. grew its stake in Harsco by 3.8% in the 2nd quarter. BlackRock Inc. now owns 10,049,658 shares of the industrial products company’s stock worth $161,800,000 after buying an additional 364,354 shares in the last quarter. Amalgamated Bank grew its stake in 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 buying an additional 634 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in Harsco by 6.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 45,086 shares of the industrial products company’s stock worth $726,000 after buying an additional 2,800 shares in the last quarter. 81.21% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on HSC. Zacks Investment Research cut shares of Harsco from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Argus boosted their price target on shares of Harsco to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, ValuEngine cut shares of Harsco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $21.00.
Harsco (NYSE:HSC) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $398.85 million. During the same quarter in the prior year, the company earned $0.14 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. sell-side analysts expect that Harsco Co. will post 0.68 earnings per share for the current year.
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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.
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