The SVP and Group Pres.Industrial of Harsco Corp (NYSE: HSC) is Buying Shares


Today, the SVP and Group Pres.Industrial of Harsco Corp (NYSE: HSC), Scott Gerson, bought shares of HSC for $706.4K.

This recent transaction increases Scott Gerson’s holding in the company by 278.44% to a total of $813.3K. Following Scott Gerson’s last HSC Buy transaction on May 12, 2017, the stock climbed by 7.6%.

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Based on Harsco Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $408 million and quarterly net profit of $18.26 million. In comparison, last year the company earned revenue of $373 million and had a net profit of $9.27 million. HSC’s market cap is $1.78B and the company has a P/E ratio of 118.18. Currently, Harsco Corp has an average volume of 491.6K.

Starting in September 2016, HSC received 14 Buy ratings in a row. Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $28.50, reflecting a -22.8% downside. Six different firms, including Alembic Global and Argus Research, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $1.12M worth of HSC shares and purchased $706.4K worth of HSC shares.

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Harsco Corp. engages in the provision of industrial services and engineered products. It operates through the following business segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail.

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