Franklin Resources Inc. Purchases 3,335 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Franklin Resources Inc. lifted its position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 4.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 73,104 shares of the industrial products company’s stock after purchasing an additional 3,335 shares during the period. Franklin Resources Inc.’s holdings in Hudson Technologies were worth $408,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of Hudson Technologies by 69.7% in the third quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company’s stock valued at $2,824,000 after buying an additional 139,042 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Hudson Technologies in the 3rd quarter worth about $373,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Hudson Technologies in the 4th quarter worth about $1,733,000. Barclays PLC lifted its position in Hudson Technologies by 314.0% in the 3rd quarter. Barclays PLC now owns 68,191 shares of the industrial products company’s stock valued at $569,000 after acquiring an additional 51,719 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Hudson Technologies by 23.3% during the 3rd quarter. Jane Street Group LLC now owns 79,868 shares of the industrial products company’s stock valued at $666,000 after purchasing an additional 15,099 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Hudson Technologies Stock Performance

Shares of NASDAQ:HDSN opened at $5.47 on Friday. The company has a market capitalization of $240.82 million, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 0.49 and a beta of 1.03. The company’s 50-day moving average is $5.82 and its 200 day moving average is $6.16. Hudson Technologies, Inc. has a fifty-two week low of $5.11 and a fifty-two week high of $10.84.

Analyst Ratings Changes

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

About Hudson Technologies

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.