Texas Permanent School Fund grew its stake in shares of Harsco Co. (NYSE:HSC) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 52,556 shares of the industrial products company’s stock after buying an additional 1,687 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Harsco worth $1,044,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Piedmont Investment Advisors Inc. raised its position in shares of Harsco by 2.7% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 19,303 shares of the industrial products company’s stock valued at $383,000 after buying an additional 500 shares during the last quarter. Bank of Montreal Can raised its position in shares of Harsco by 10.2% during the fourth quarter. Bank of Montreal Can now owns 6,294 shares of the industrial products company’s stock valued at $126,000 after buying an additional 585 shares during the last quarter. FDx Advisors Inc. raised its position in Harsco by 3.7% in the fourth quarter. FDx Advisors Inc. now owns 16,760 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 605 shares in the last quarter. LS Investment Advisors LLC raised its position in Harsco by 13.2% in the fourth quarter. LS Investment Advisors LLC now owns 6,277 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 733 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Harsco by 19.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,704 shares of the industrial products company’s stock worth $113,000 after purchasing an additional 932 shares in the last quarter. 83.08% of the stock is owned by institutional investors and hedge funds.

NYSE:HSC opened at $21.77 on Friday. Harsco Co. has a 12-month low of $18.87 and a 12-month high of $30.05. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.45 and a quick ratio of 1.13. The stock has a market capitalization of $1.73 billion, a P/E ratio of 16.62 and a beta of 2.51.

Harsco (NYSE:HSC) last posted its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Harsco had a net margin of 7.96% and a return on equity of 38.66%. The firm had revenue of $437.90 million during the quarter, compared to analyst estimates of $437.23 million. During the same quarter in the prior year, the business posted $0.20 earnings per share. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. Equities analysts predict that Harsco Co. will post 1.4 EPS for the current fiscal year.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Harsco from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, January 22nd. Singular Research reissued 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $30.50.

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About Harsco

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.

Read More: SEC Filing

Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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