Genesee Capital Advisors LLC lessened its stake in shares of Harsco Co. (NYSE:HSC) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,737 shares of the industrial products company’s stock after selling 2,487 shares during the quarter. Genesee Capital Advisors LLC’s holdings in Harsco were worth $1,008,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in shares of Harsco by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,329,047 shares of the industrial products company’s stock valued at $46,256,000 after acquiring an additional 58,735 shares during the period. Victory Capital Management Inc. increased its stake in shares of Harsco by 5.5% during the first quarter. Victory Capital Management Inc. now owns 2,123,172 shares of the industrial products company’s stock valued at $42,803,000 after acquiring an additional 110,522 shares during the period. Norges Bank acquired a new position in shares of Harsco during the fourth quarter valued at approximately $29,637,000. Rothschild & Co. Asset Management US Inc. boosted its holdings in Harsco by 3.7% during the first quarter. Rothschild & Co. Asset Management US Inc. now owns 1,346,445 shares of the industrial products company’s stock worth $27,144,000 after buying an additional 48,426 shares in the last quarter. Finally, Copper Rock Capital Partners LLC boosted its holdings in Harsco by 29.0% during the second quarter. Copper Rock Capital Partners LLC now owns 896,182 shares of the industrial products company’s stock worth $24,591,000 after buying an additional 201,510 shares in the last quarter. Institutional investors and hedge funds own 83.46% of the company’s stock.

A number of brokerages recently weighed in on HSC. KeyCorp raised their target price on shares of Harsco from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Lake Street Capital reduced their target price on shares of Carbonite from $39.00 to $29.00 and set a “buy” rating for the company in a report on Friday. ValuEngine upgraded shares of XPO Logistics from a “strong sell” rating to a “sell” rating in a report on Thursday, April 4th. Finally, Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Harsco presently has an average rating of “Hold” and an average price target of $32.75.

In related news, SVP Scott H. Gerson sold 4,428 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $25.97, for a total value of $114,995.16. Following the completion of the transaction, the senior vice president now owns 17,633 shares of the company’s stock, valued at approximately $457,929.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Scott H. Gerson sold 9,308 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $25.26, for a total transaction of $235,120.08. Following the completion of the transaction, the senior vice president now directly owns 22,374 shares of the company’s stock, valued at approximately $565,167.24. The disclosure for this sale can be found here. Company insiders own 1.64% of the company’s stock.

NYSE:HSC traded down $0.17 during trading hours on Tuesday, reaching $25.17. 1,917 shares of the company’s stock were exchanged, compared to its average volume of 391,273. The stock has a market cap of $2.05 billion, a P/E ratio of 19.21 and a beta of 2.16. 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 2.03, a current ratio of 1.52 and a quick ratio of 1.17. The stock has a 50-day moving average price of $26.27.

Harsco (NYSE:HSC) last posted its quarterly earnings data on Thursday, May 9th. The industrial products company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Harsco had a net margin of 7.94% and a return on equity of 37.56%. The firm had revenue of $447.29 million during the quarter, compared to analyst estimates of $439.33 million. During the same quarter last year, the business posted $0.22 EPS. The company’s revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts forecast that Harsco Co. will post 1.33 EPS for the current year.

Harsco Company Profile

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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Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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