Harsco Co. (HSC) SVP Sells $235,120.08 in Stock

Harsco Co. (NYSE:HSC) SVP Scott H. Gerson sold 9,308 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $25.26, for a total value of $235,120.08. Following the transaction, the senior vice president now owns 22,374 shares of the company’s stock, valued at $565,167.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

HSC stock traded up $0.08 during mid-day trading on Wednesday, reaching $26.13. The company had a trading volume of 5,157 shares, compared to its average volume of 541,003. 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 firm has a market capitalization of $2.09 billion, a P/E ratio of 19.92 and a beta of 2.50. Harsco Co. has a fifty-two week low of $18.87 and a fifty-two week high of $30.05.

Harsco (NYSE:HSC) last posted its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The company had revenue of $447.29 million for the quarter, compared to analyst estimates of $439.33 million. Harsco had a return on equity of 37.56% and a net margin of 7.94%. Harsco’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 EPS. On average, analysts expect that Harsco Co. will post 1.4 EPS for the current year.

A number of hedge funds have recently bought and sold shares of HSC. Pearl River Capital LLC acquired a new stake in shares of Harsco during the 1st quarter worth about $48,000. NumerixS Investment Technologies Inc acquired a new position in shares of Harsco in the 4th quarter valued at $82,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Harsco by 19.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,704 shares of the industrial products company’s stock valued at $113,000 after buying an additional 932 shares during the period. LS Investment Advisors LLC grew its holdings in shares of Harsco by 13.2% in the 4th quarter. LS Investment Advisors LLC now owns 6,277 shares of the industrial products company’s stock valued at $125,000 after buying an additional 733 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Harsco by 10.2% in the 4th quarter. Bank of Montreal Can now owns 6,294 shares of the industrial products company’s stock valued at $126,000 after buying an additional 585 shares during the period. 84.05% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on HSC. KeyCorp raised their target price on Harsco from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Zacks Investment Research raised Harsco from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday. Singular Research reaffirmed a “buy” rating on shares of Harsco in a research report on Thursday, March 7th. Finally, ValuEngine raised Harsco from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Harsco has a consensus rating of “Buy” and an average price target of $32.00.

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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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