Harsco Co. (NYSE:HSC) Shares Bought by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in Harsco Co. (NYSE:HSC) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,600 shares of the industrial products company’s stock after purchasing an additional 6,100 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.14% of Harsco worth $2,157,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Harsco by 4.0% in the 3rd quarter. BlackRock Inc. now owns 11,572,319 shares of the industrial products company’s stock worth $330,390,000 after purchasing an additional 444,922 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Harsco by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 10,841,968 shares of the industrial products company’s stock worth $309,539,000 after buying an additional 303,108 shares during the period. Vanguard Group Inc raised its stake in shares of Harsco by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 10,841,968 shares of the industrial products company’s stock worth $309,539,000 after buying an additional 303,108 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of 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 worth $46,256,000 after buying an additional 58,735 shares during the period. Finally, SG Capital Management LLC raised its stake in shares of Harsco by 19.8% during the 4th quarter. SG Capital Management LLC now owns 1,541,239 shares of the industrial products company’s stock worth $30,609,000 after buying an additional 255,037 shares during the period. Institutional investors and hedge funds own 85.18% of the company’s stock.

Shares of HSC stock traded down $0.23 during trading hours on Monday, hitting $21.82. 263,100 shares of the company’s stock were exchanged, compared to its average volume of 537,639. Harsco Co. has a fifty-two week low of $18.87 and a fifty-two week high of $30.05. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.45 and a quick ratio of 1.13. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 16.66 and a beta of 2.48.

Harsco (NYSE:HSC) last posted its quarterly earnings data on Thursday, February 21st. The industrial products company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Harsco had a return on equity of 38.66% and a net margin of 7.96%. The firm had revenue of $437.90 million during the quarter, compared to the consensus estimate of $437.23 million. During the same period in the prior year, the company earned $0.20 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year. Analysts anticipate that Harsco Co. will post 1.4 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on HSC shares. Zacks Investment Research downgraded Harsco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Singular Research reaffirmed a “buy” rating on shares of Harsco in a research note on Thursday, March 7th. Finally, ValuEngine downgraded Harsco from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $30.50.

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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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Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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