Bank of New York Mellon Corp Has $4.73 Million Stock Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Bank of New York Mellon Corp increased its stake in Hudson Technologies, Inc. (NASDAQ:HDSNFree Report) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 355,368 shares of the industrial products company’s stock after acquiring an additional 7,175 shares during the quarter. Bank of New York Mellon Corp owned about 0.78% of Hudson Technologies worth $4,726,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lazard Asset Management LLC lifted its stake in shares of Hudson Technologies by 6.9% in the fourth quarter. Lazard Asset Management LLC now owns 15,908 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 1,022 shares during the period. State of Wyoming lifted its stake in shares of Hudson Technologies by 6.5% in the fourth quarter. State of Wyoming now owns 18,845 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 1,149 shares during the period. Metropolitan Life Insurance Co NY lifted its stake in Hudson Technologies by 140.1% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,677 shares of the industrial products company’s stock valued at $27,000 after buying an additional 1,562 shares during the period. JPMorgan Chase & Co. lifted its stake in Hudson Technologies by 7.1% in the fourth quarter. JPMorgan Chase & Co. now owns 25,251 shares of the industrial products company’s stock valued at $256,000 after buying an additional 1,681 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Hudson Technologies by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 18,067 shares of the industrial products company’s stock valued at $174,000 after buying an additional 1,725 shares during the period. 63.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on HDSN shares. StockNews.com began coverage on Hudson Technologies in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. B. Riley assumed coverage on Hudson Technologies in a report on Tuesday, December 5th. They set a “buy” rating and a $17.00 price target for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Hudson Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $15.25.

Get Our Latest Research Report on Hudson Technologies

Hudson Technologies Trading Down 0.4 %

HDSN stock opened at $12.68 on Thursday. The stock’s fifty day simple moving average is $12.87 and its two-hundred day simple moving average is $12.18. Hudson Technologies, Inc. has a 1-year low of $7.21 and a 1-year high of $15.03. The stock has a market cap of $576.94 million, a P/E ratio of 11.12, a P/E/G ratio of 0.33 and a beta of 1.03.

Hudson Technologies (NASDAQ:HDSNGet Free Report) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Hudson Technologies had a net margin of 18.31% and a return on equity of 27.85%. The firm had revenue of $76.50 million for the quarter, compared to analysts’ expectations of $87.50 million. As a group, analysts forecast that Hudson Technologies, Inc. will post 1.13 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Richard Parrillo sold 30,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $12.85, for a total transaction of $385,500.00. Following the transaction, the director now owns 222,372 shares of the company’s stock, valued at approximately $2,857,480.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.20% of the company’s stock.

Hudson Technologies Profile

(Free Report)

Hudson Technologies, Inc a refrigerant services company, provides solutions to recurring problems within the refrigeration industry in the United States. The company's products and services include refrigerant and industrial gas sales; refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination to remove moisture, oils, and other contaminants.

Featured Stories

Institutional Ownership by Quarter for Hudson Technologies (NASDAQ:HDSN)

Receive News & Ratings for Hudson Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Technologies and related companies with MarketBeat.com's FREE daily email newsletter.