State of New Jersey Common Pension Fund D cut its position in shares of Harsco Co. (NYSE:HSC) by 1.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 840,000 shares of the industrial products company’s stock after selling 10,000 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Harsco were worth $23,050,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Harsco by 2.6% during the 4th 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. Geode Capital Management LLC increased its holdings in shares of Harsco by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 841,498 shares of the industrial products company’s stock worth $16,712,000 after purchasing an additional 51,212 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Harsco by 1.4% in the fourth quarter. Principal Financial Group Inc. now owns 695,652 shares of the industrial products company’s stock worth $13,815,000 after purchasing an additional 9,377 shares during the period. Two Sigma Investments LP increased its holdings in shares of Harsco by 158.1% in the fourth quarter. Two Sigma Investments LP now owns 28,416 shares of the industrial products company’s stock worth $564,000 after purchasing an additional 17,405 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Harsco by 4.9% in the fourth quarter. Bank of America Corp DE now owns 498,188 shares of the industrial products company’s stock worth $9,894,000 after purchasing an additional 23,153 shares during the period. 83.46% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Harsco stock traded up $0.01 during trading on Tuesday, hitting $25.34. The stock had a trading volume of 9,688 shares, compared to its average volume of 391,273. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 19.35 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’s 50-day moving average price is $26.27. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.17 and a current ratio of 1.52.

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

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

Harsco 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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