Eagle Boston Investment Management Inc. Has $1.40 Million Position in Harsco Corporation (HSC)

Eagle Boston Investment Management Inc. increased its position in Harsco Corporation (NYSE:HSC) by 15.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,726 shares of the industrial products company’s stock after buying an additional 8,678 shares during the quarter. Eagle Boston Investment Management Inc. owned 0.08% of Harsco worth $1,403,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Flinton Capital Management LLC increased its position in Harsco by 71.9% during the 2nd quarter. Flinton Capital Management LLC now owns 6,496 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 2,716 shares during the period. Federated Investors Inc. PA increased its position in Harsco by 1.7% during the 2nd 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 period. Amalgamated Bank increased its position in Harsco by 5.8% during the 2nd quarter. Amalgamated Bank now owns 11,536 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 634 shares during the period. Greenwood Capital Associates LLC purchased a new position in Harsco during the 2nd quarter valued at $186,000. Finally, Wellington Management Group LLP increased its position in Harsco by 13.3% during the 1st quarter. Wellington Management Group LLP now owns 14,885 shares of the industrial products company’s stock valued at $190,000 after purchasing an additional 1,750 shares during the period. 81.44% of the stock is currently owned by institutional investors.

A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Harsco from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine downgraded shares of Harsco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Argus raised shares of Harsco from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Friday, September 15th. Jefferies Group restated a “buy” rating and set a $19.00 target price (up previously from $18.00) on shares of Harsco in a report on Wednesday, August 9th. Finally, BidaskClub cut shares of Harsco from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Harsco presently has a consensus rating of “Buy” and an average price target of $20.00.

Harsco Corporation (NYSE HSC) opened at $17.45 on Wednesday. The stock has a market cap of $1,439.95, a PE ratio of 25.94 and a beta of 3.09. Harsco Corporation has a one year low of $11.40 and a one year high of $22.00. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.30 and a quick ratio of 0.83.

Harsco (NYSE:HSC) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.04. The company had revenue of $384.65 million for the quarter, compared to analysts’ expectations of $398.85 million. Harsco had a net margin of 1.69% and a return on equity of 32.46%. Harsco’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. analysts expect that Harsco Corporation will post 0.68 earnings per share for the current year.

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Harsco Company Profile

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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