Morgan Stanley Sells 202,768 Shares of Harsco Co. (HSC)

Morgan Stanley reduced its stake in shares of Harsco Co. (NYSE:HSC) by 46.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 236,512 shares of the industrial products company’s stock after selling 202,768 shares during the period. Morgan Stanley’s holdings in Harsco were worth $6,752,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HSC. US Bancorp DE raised its position in shares of Harsco by 2.7% during the 3rd quarter. US Bancorp DE now owns 70,283 shares of the industrial products company’s stock valued at $2,006,000 after buying an additional 1,849 shares during the period. AQR Capital Management LLC raised its position in shares of Harsco by 1.0% during the 3rd quarter. AQR Capital Management LLC now owns 188,216 shares of the industrial products company’s stock valued at $5,374,000 after buying an additional 1,868 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Harsco by 13.2% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,300 shares of the industrial products company’s stock valued at $551,000 after buying an additional 2,256 shares during the period. Riverhead Capital Management LLC raised its position in shares of Harsco by 27.4% during the 3rd quarter. Riverhead Capital Management LLC now owns 11,154 shares of the industrial products company’s stock valued at $318,000 after buying an additional 2,400 shares during the period. Finally, Smith Asset Management Group LP raised its position in shares of Harsco by 2.6% during the 3rd quarter. Smith Asset Management Group LP now owns 117,938 shares of the industrial products company’s stock valued at $3,367,000 after buying an additional 2,956 shares during the period. Institutional investors and hedge funds own 84.25% of the company’s stock.

Several analysts have recently commented on HSC shares. ValuEngine lowered shares of Harsco from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Lake Street Capital lifted their price target on shares of Harsco from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research lowered shares of Harsco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $30.50.

HSC stock opened at $21.71 on Monday. The company has a market cap of $1.74 billion, a PE ratio of 29.34 and a beta of 2.45. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.15 and a current ratio of 1.47. Harsco Co. has a one year low of $16.20 and a one year high of $30.05.

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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: Diversification Important in Investing

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Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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