Hudson Technologies, Inc. (NASDAQ:HDSN) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 30.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,349 shares of the industrial products company’s stock after buying an additional 5,878 shares during the quarter. Wells Fargo & Company MN’s holdings in Hudson Technologies were worth $141,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RPO LLC acquired a new position in shares of Hudson Technologies during the fourth quarter worth about $62,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Hudson Technologies in the 4th quarter valued at about $72,000. Ieq Capital LLC purchased a new position in Hudson Technologies in the 4th quarter valued at about $91,000. Aigen Investment Management LP increased its position in shares of Hudson Technologies by 13.6% during the fourth quarter. Aigen Investment Management LP now owns 18,052 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 2,167 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Hudson Technologies by 85.8% in the fourth quarter. Intech Investment Management LLC now owns 19,603 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 9,051 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Canaccord Genuity Group upped their target price on Hudson Technologies from $6.25 to $6.75 and gave the company a “hold” rating in a research report on Thursday. Craig Hallum raised shares of Hudson Technologies from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Thursday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Hudson Technologies has a consensus rating of “Hold” and a consensus price target of $7.25.

Hudson Technologies Stock Down 4.6 %

Shares of HDSN stock opened at $7.44 on Friday. The company has a market cap of $327.18 million, a P/E ratio of 11.45, a PEG ratio of 0.49 and a beta of 0.92. The business has a 50 day moving average of $6.01 and a two-hundred day moving average of $5.97. Hudson Technologies, Inc. has a 52 week low of $5.11 and a 52 week high of $10.04.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The business had revenue of $55.34 million during the quarter, compared to analyst estimates of $52.23 million. Analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current fiscal year.

Hudson Technologies Company 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.