Strs Ohio Buys New Stake in Hudson Technologies, Inc. $HDSN

Key Points

• Strs Ohio has invested approximately $510,000 in Hudson Technologies, acquiring 82,700 shares, making it a new position for the institutional investor.
• Institutional investors and hedge funds now own 71.34% of Hudson Technologies' stock, with several firms, including Northern Trust and Bank of America, significantly increasing their holdings in the last quarter.
• Hudson Technologies' average analyst rating is "Moderate Buy" with a consensus target price of $8.63, after several upgrades from research analysts in recent months.

Strs Ohio purchased a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 82,700 shares of the industrial products company's stock, valued at approximately $510,000. Strs Ohio owned 0.19% of Hudson Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Hudson Technologies by 111.8% during the 1st quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 2,624 shares during the period. State of Wyoming acquired a new stake in shares of Hudson Technologies during the 4th quarter valued at approximately $53,000. ProShare Advisors LLC acquired a new stake in shares of Hudson Technologies during the 4th quarter valued at approximately $70,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Hudson Technologies during the 1st quarter valued at approximately $79,000. Finally, CWM LLC lifted its position in shares of Hudson Technologies by 186.9% during the 1st quarter. CWM LLC now owns 14,102 shares of the industrial products company's stock valued at $87,000 after acquiring an additional 9,187 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HDSN has been the subject of a number of research reports. B. Riley upgraded shares of Hudson Technologies from a "neutral" rating to a "buy" rating and lifted their price target for the company from $7.50 to $9.00 in a research report on Monday, June 16th. Canaccord Genuity Group raised shares of Hudson Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $6.75 to $10.50 in a research note on Thursday, July 31st. Finally, Wall Street Zen raised shares of Hudson Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, September 8th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $8.63.

Hudson Technologies Price Performance

HDSN stock traded up $0.08 during midday trading on Monday, hitting $9.94. The stock had a trading volume of 212,038 shares, compared to its average volume of 281,858. The firm has a market cap of $434.08 million, a PE ratio of 24.85 and a beta of 0.97. Hudson Technologies, Inc. has a 12-month low of $5.11 and a 12-month high of $10.52. The company's 50-day moving average price is $9.54 and its 200 day moving average price is $7.79.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its earnings results on Wednesday, July 30th. The industrial products company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $72.85 million during the quarter, compared to analysts' expectations of $71.67 million. Hudson Technologies had a net margin of 8.08% and a return on equity of 7.26%. As a group, sell-side analysts anticipate that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

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.