Loews Corp Has $151,000 Stake in Harsco Co. (HSC)

Loews Corp held its position in shares of Harsco Co. (NYSE:HSC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,845 shares of the industrial products company’s stock at the end of the first quarter. Loews Corp’s holdings in Harsco were worth $151,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Parkwood LLC boosted its position in shares of Harsco by 1.0% in the first quarter. Parkwood LLC now owns 15,819 shares of the industrial products company’s stock valued at $202,000 after buying an additional 159 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Harsco by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 8,850 shares of the industrial products company’s stock valued at $112,000 after buying an additional 170 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Harsco by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 18,320 shares of the industrial products company’s stock valued at $234,000 after buying an additional 290 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Harsco by 1.6% in the first quarter. BNP Paribas Arbitrage SA now owns 25,093 shares of the industrial products company’s stock valued at $320,000 after buying an additional 404 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Harsco by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 32,700 shares of the industrial products company’s stock valued at $417,000 after buying an additional 500 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Harsco (NYSE:HSC)

Harsco Co. (NYSE HSC) remained flat at $15.50 during trading on Wednesday. The company’s stock had a trading volume of 298,355 shares. The stock’s market capitalization is $1.24 billion. Harsco Co. has a 12-month low of $5.81 and a 12-month high of $15.85. The stock’s 50 day moving average is $14.16 and its 200-day moving average is $13.62.

Harsco (NYSE:HSC) last issued its quarterly earnings data on Wednesday, May 3rd. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.09. Harsco had a positive return on equity of 11.33% and a negative net margin of 5.21%. The company had revenue of $372.54 million for the quarter, compared to the consensus estimate of $343.40 million. During the same quarter last year, the business posted $0.03 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, analysts forecast that Harsco Co. will post $0.54 earnings per share for the current year.

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Several equities analysts have weighed in on the company. Zacks Investment Research raised Harsco from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, May 16th. Jefferies Group LLC reissued a “buy” rating and set a $15.00 price target (up previously from $13.00) on shares of Harsco in a report on Monday, March 20th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $16.25.

In related news, SVP Scott H. Gerson sold 6,706 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $15.10, for a total value of $101,260.60. Following the sale, the senior vice president now owns 32,125 shares in the company, valued at $485,087.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.56% of the company’s stock.

About Harsco

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HSC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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