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

Public Employees Retirement System of Ohio boosted its position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 5.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 367,640 shares of the industrial products company’s stock after acquiring an additional 20,000 shares during the quarter. Public Employees Retirement System of Ohio owned 0.81% of Hudson Technologies worth $3,066,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HDSN. West Tower Group LLC acquired a new position in shares of Hudson Technologies in the third quarter valued at approximately $28,000. nVerses Capital LLC purchased a new position in Hudson Technologies in the 3rd quarter valued at approximately $28,000. FMR LLC increased its position in shares of Hudson Technologies by 299.8% during the third quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 3,502 shares during the period. Quarry LP raised its stake in shares of Hudson Technologies by 901.1% in the third quarter. Quarry LP now owns 4,675 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 4,208 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in Hudson Technologies in the second quarter valued at $55,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HDSN shares. Roth Capital downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. Craig Hallum lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $10.00 to $7.00 in a research note on Tuesday, November 5th. Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $12.00 to $7.00 in a report on Tuesday, November 5th. B. Riley restated a “neutral” rating and issued a $7.25 price objective (down from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Finally, Canaccord Genuity Group decreased their price objective on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.85.

Hudson Technologies Trading Down 3.2 %

Shares of Hudson Technologies stock opened at $5.44 on Tuesday. The company has a fifty day simple moving average of $6.70 and a 200-day simple moving average of $7.81. The stock has a market cap of $245.88 million, a price-to-earnings ratio of 8.37, a PEG ratio of 0.36 and a beta of 1.13. Hudson Technologies, Inc. has a 12-month low of $5.29 and a 12-month high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The company had revenue of $61.94 million during the quarter, compared to the consensus estimate of $64.92 million. During the same quarter in the prior year, the firm posted $0.34 earnings per share. On average, analysts forecast that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.

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.