Hudson Technologies, Inc. (NASDAQ:HDSN) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,321 shares of the industrial products company’s stock after buying an additional 23,066 shares during the period. Bank of New York Mellon Corp’s holdings in Hudson Technologies were worth $1,056,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of Hudson Technologies by 3.9% during the fourth quarter. Rhumbline Advisers now owns 69,541 shares of the industrial products company’s stock worth $388,000 after acquiring an additional 2,601 shares during the period. West Tower Group LLC acquired a new position in Hudson Technologies during the 3rd quarter worth $28,000. FMR LLC increased its holdings in Hudson Technologies by 299.8% during the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 3,502 shares during the period. Quarry LP raised its position in Hudson Technologies by 901.1% in the 3rd quarter. Quarry LP now owns 4,675 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 4,208 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Hudson Technologies by 5.9% in the 3rd quarter. Janus Henderson Group PLC now owns 82,500 shares of the industrial products company’s stock valued at $688,000 after buying an additional 4,584 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Price Performance

Hudson Technologies stock opened at $6.26 on Tuesday. The stock has a market cap of $275.60 million, a PE ratio of 9.63, a P/E/G ratio of 0.49 and a beta of 1.12. The stock’s fifty day moving average is $5.85 and its two-hundred day moving average is $6.44. Hudson Technologies, Inc. has a 1-year low of $5.17 and a 1-year high of $11.92.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their target price on shares of Hudson Technologies from $8.00 to $6.25 and set a “hold” rating on the stock in a research note on Monday, March 10th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hudson Technologies presently has a consensus rating of “Hold” and an average price target of $7.50.

Hudson Technologies Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.