Zurcher Kantonalbank Zurich Cantonalbank Buys 12,050 Shares of Harsco Corporation (HSC)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Harsco Corporation (NYSE:HSC) by 476.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,580 shares of the industrial products company’s stock after buying an additional 12,050 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Harsco were worth $305,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Federated Investors Inc. PA raised its holdings 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 buying an additional 132 shares during the period. US Bancorp DE increased its stake in Harsco by 0.5% in the second quarter. US Bancorp DE now owns 33,305 shares of the industrial products company’s stock worth $536,000 after purchasing an additional 157 shares during the period. The Manufacturers Life Insurance Company increased its stake in Harsco by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 62,856 shares of the industrial products company’s stock worth $1,011,000 after purchasing an additional 448 shares during the period. Texas Permanent School Fund increased its stake in Harsco by 0.9% in the second quarter. Texas Permanent School Fund now owns 58,549 shares of the industrial products company’s stock worth $943,000 after purchasing an additional 497 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in Harsco by 3.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 18,930 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 610 shares during the period. Institutional investors own 81.44% of the company’s stock.

Harsco Corporation (HSC) traded down $0.45 during mid-day trading on Wednesday, reaching $17.45. The company’s stock had a trading volume of 351,800 shares, compared to its average volume of 516,956. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.83 and a current ratio of 1.30. Harsco Corporation has a twelve month low of $11.40 and a twelve month high of $22.00. The stock has a market capitalization of $1,439.95, a price-to-earnings ratio of 25.94 and a beta of 3.09.

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

HSC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Harsco from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, August 8th. Jefferies Group reiterated a “buy” rating and issued a $19.00 target price (up previously from $18.00) on shares of Harsco in a research note on Wednesday, August 9th. BidaskClub lowered Harsco from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Argus upgraded Harsco from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Friday, September 15th. Finally, ValuEngine lowered Harsco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.00.

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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.

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Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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