Harsco Co. (NYSE:HSC) SVP Scott H. Gerson sold 18,802 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $27.31, for a total transaction of $513,482.62. Following the sale, the senior vice president now directly owns 3,911 shares in the company, valued at $106,809.41. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
NYSE:HSC opened at $28.48 on Wednesday. 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 52 week low of $15.55 and a 52 week high of $30.05. The firm has a market capitalization of $2.25 billion, a PE ratio of 38.49 and a beta of 2.51.
Harsco (NYSE:HSC) last posted its quarterly earnings data on Wednesday, October 31st. The industrial products company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. Harsco had a net margin of 3.32% and a return on equity of 37.43%. The company had revenue of $445.48 million for the quarter, compared to analyst estimates of $447.17 million. During the same period in the prior year, the firm posted $0.20 EPS. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Equities research analysts forecast that Harsco Co. will post 1.26 earnings per share for the current year.
A number of equities research analysts have weighed in on HSC shares. Lake Street Capital boosted their target price on shares of Harsco from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. KeyCorp boosted their target price on shares of Harsco from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, September 12th. ValuEngine lowered shares of Harsco from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Finally, Singular Research started coverage on shares of Harsco in a report on Monday, August 27th. They set a “buy” rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.40.
Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Harsco by 6.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,895 shares of the industrial products company’s stock valued at $25,059,000 after purchasing an additional 64,780 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Harsco by 7.7% in the 2nd quarter. BlackRock Inc. now owns 11,127,397 shares of the industrial products company’s stock valued at $245,915,000 after purchasing an additional 794,247 shares during the last quarter. Bowling Portfolio Management LLC bought a new stake in shares of Harsco in the 3rd quarter valued at $1,133,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Harsco in the 2nd quarter valued at $377,000. Finally, Bank of Montreal Can bought a new stake in shares of Harsco in the 2nd quarter valued at $118,000. 81.90% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: This story was first published by Enterprise Leader and is owned by of Enterprise Leader. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://theenterpriseleader.com/2018/11/07/insider-selling-harsco-co-hsc-svp-sells-18802-shares-of-stock.html.
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.
Receive News & Ratings for Harsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harsco and related companies with MarketBeat.com's FREE daily email newsletter.