Comerica Bank raised its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 6,954.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,435 shares of the industrial products company's stock after buying an additional 100,983 shares during the period. Comerica Bank owned approximately 0.23% of Hudson Technologies worth $572,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Renaissance Technologies LLC grew its stake in shares of Hudson Technologies by 19.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,502,150 shares of the industrial products company's stock worth $8,382,000 after purchasing an additional 246,000 shares in the last quarter. Geode Capital Management LLC increased its stake in Hudson Technologies by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 995,729 shares of the industrial products company's stock valued at $5,558,000 after purchasing an additional 4,873 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Hudson Technologies by 152.0% during the 4th quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company's stock worth $4,761,000 after buying an additional 514,645 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Hudson Technologies by 13.0% in the 4th quarter. American Century Companies Inc. now owns 790,472 shares of the industrial products company's stock valued at $4,411,000 after buying an additional 90,921 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Hudson Technologies by 5.6% during the 4th quarter. Northern Trust Corp now owns 378,569 shares of the industrial products company's stock worth $2,112,000 after acquiring an additional 20,142 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.
Hudson Technologies Stock Performance
HDSN traded up $0.08 on Tuesday, hitting $7.84. 53,773 shares of the company were exchanged, compared to its average volume of 489,020. Hudson Technologies, Inc. has a fifty-two week low of $5.11 and a fifty-two week high of $10.04. The firm has a market capitalization of $340.67 million, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92. The business's fifty day moving average is $6.23 and its 200 day moving average is $5.96.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The firm had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. Analysts forecast that Hudson Technologies, Inc. will post 0.55 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Craig Hallum upgraded Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price on the stock in a research report on Thursday, May 8th. Canaccord Genuity Group raised their price objective on shares of Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating 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 MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $7.25.
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About Hudson Technologies
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Free Report)
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.
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