Shares of Hudson Technologies, Inc. (NASDAQ:HDSN – Get Free Report) have received an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $8.6250.
A number of brokerages have issued reports on HDSN. Canaccord Genuity Group decreased their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th.
Check Out Our Latest Stock Analysis on Hudson Technologies
Hudson Technologies Stock Performance
Hudson Technologies (NASDAQ:HDSN – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.06). Hudson Technologies had a net margin of 3.51% and a return on equity of 4.93%. The business had revenue of $78.35 million during the quarter, compared to analyst estimates of $74.20 million. On average, equities research analysts predict that Hudson Technologies will post 0.17 earnings per share for the current fiscal year.
Insider Buying and Selling at Hudson Technologies
In related news, Director Jeffrey R. Feeler bought 5,100 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $4.92 per share, for a total transaction of $25,092.00. Following the transaction, the director owned 9,165 shares in the company, valued at $45,091.80. The trade was a 125.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Hartree Partners, Lp bought 288,111 shares of Hudson Technologies stock in a transaction dated Wednesday, July 1st. The shares were bought at an average cost of $5.88 per share, for a total transaction of $1,694,092.68. Following the completion of the acquisition, the insider owned 4,700,000 shares in the company, valued at $27,636,000. This represents a 6.53% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 904,740 shares of company stock valued at $5,300,160 over the last ninety days. Insiders own 1.90% of the company’s stock.
Hedge Funds Weigh In On Hudson Technologies
Several hedge funds have recently bought and sold shares of HDSN. BlackRock Inc. bought a new stake in Hudson Technologies during the second quarter worth $16,303,000. Westerly Capital Management LLC grew its position in Hudson Technologies by 34.9% in the fourth quarter. Westerly Capital Management LLC now owns 2,550,000 shares of the industrial products company’s stock valued at $17,468,000 after acquiring an additional 660,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Hudson Technologies by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company’s stock worth $12,631,000 after acquiring an additional 105,160 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of Hudson Technologies by 248.4% in the first quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company’s stock worth $3,695,000 after acquiring an additional 447,987 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Hudson Technologies by 7.2% in the first quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock worth $3,650,000 after acquiring an additional 39,654 shares during the last quarter. 71.34% of the stock is owned by institutional investors.
About Hudson Technologies
Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.
Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.
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