Hudson Technologies, Inc. (NASDAQ:HDSN) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 418,740 shares of the industrial products company's stock after purchasing an additional 51,100 shares during the quarter. Public Employees Retirement System of Ohio owned 0.93% of Hudson Technologies worth $2,337,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new position in Hudson Technologies during the fourth quarter worth $1,733,000. Raymond James Financial Inc. acquired a new position in Hudson Technologies during the fourth quarter worth $249,000. Two Sigma Advisers LP raised its holdings in Hudson Technologies by 147.8% during the fourth quarter. Two Sigma Advisers LP now owns 234,400 shares of the industrial products company's stock worth $1,308,000 after purchasing an additional 139,800 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Hudson Technologies by 152.0% during the fourth quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company's stock worth $4,761,000 after purchasing an additional 514,645 shares during the last quarter. Finally, Bastion Asset Management Inc. acquired a new position in Hudson Technologies during the fourth quarter worth $1,487,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Price Performance

HDSN stock traded down $0.04 during trading on Wednesday, reaching $7.21. 296,940 shares of the stock traded hands, compared to its average volume of 498,346. The business's 50 day moving average price is $6.49 and its 200-day moving average price is $6.05. Hudson Technologies, Inc. has a 52-week low of $5.11 and a 52-week high of $9.58. The firm has a market capitalization of $313.50 million, a PE ratio of 11.09, a P/E/G ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.05. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The firm had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. On average, equities research analysts predict that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on HDSN. Canaccord Genuity Group lifted their price objective on Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a research report on Thursday, May 8th. Craig Hallum raised Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price objective for the company in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $7.25.

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.