Lapides Asset Management LLC lowered its position in Harsco Co. (NYSE:HSC) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 370,400 shares of the industrial products company’s stock after selling 36,000 shares during the period. Harsco comprises about 1.5% of Lapides Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding. Lapides Asset Management LLC’s holdings in Harsco were worth $6,908,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Flinton Capital Management LLC grew its holdings in shares of Harsco by 71.9% in the second quarter. Flinton Capital Management LLC now owns 6,496 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 2,716 shares during the period. LS Investment Advisors LLC grew its holdings in shares of Harsco by 127.7% in the fourth quarter. LS Investment Advisors LLC now owns 6,526 shares of the industrial products company’s stock worth $122,000 after acquiring an additional 3,660 shares during the period. FDx Advisors Inc. bought a new stake in shares of Harsco in the third quarter worth $222,000. Emerald Advisers Inc. PA bought a new stake in shares of Harsco in the third quarter worth $229,000. Finally, Amalgamated Bank grew its holdings in shares of Harsco by 5.8% in the second quarter. Amalgamated Bank now owns 11,536 shares of the industrial products company’s stock worth $186,000 after acquiring an additional 634 shares during the period. 82.64% of the stock is owned by institutional investors.
HSC has been the subject of several research analyst reports. Zacks Investment Research raised Harsco from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Friday, November 10th. ValuEngine lowered Harsco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Argus lifted their price objective on Harsco to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.00.
Harsco Co. (NYSE:HSC) opened at $16.40 on Tuesday. The firm has a market capitalization of $1,295.16, a price-to-earnings ratio of 23.33 and a beta of 2.95. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 2.87. Harsco Co. has a 52-week low of $11.40 and a 52-week high of $22.00.
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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