Zurcher Kantonalbank Zurich Cantonalbank Takes Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,054 shares of the industrial products company’s stock, valued at approximately $163,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System acquired a new stake in shares of Hudson Technologies during the fourth quarter valued at about $154,000. Riverwater Partners LLC acquired a new stake in Hudson Technologies during the 4th quarter valued at approximately $369,000. Sixth Street Partners Management Company L.P. increased its holdings in Hudson Technologies by 53.1% during the 3rd quarter. Sixth Street Partners Management Company L.P. now owns 995,000 shares of the industrial products company’s stock worth $13,234,000 after purchasing an additional 345,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Hudson Technologies during the 3rd quarter worth approximately $867,000. Finally, EAM Investors LLC acquired a new position in shares of Hudson Technologies in the 3rd quarter valued at approximately $4,572,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

Shares of NASDAQ:HDSN opened at $9.21 on Thursday. The company’s fifty day moving average is $11.15 and its two-hundred day moving average is $12.40. Hudson Technologies, Inc. has a 1-year low of $7.56 and a 1-year high of $15.24. The stock has a market capitalization of $419.16 million, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.41 and a beta of 1.00.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Hudson Technologies had a net margin of 16.70% and a return on equity of 22.00%. The firm had revenue of $65.25 million for the quarter, compared to analyst estimates of $63.04 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. Sell-side analysts expect that Hudson Technologies, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on HDSN. Canaccord Genuity Group downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $15.00 to $10.00 in a research report on Thursday, May 2nd. Roth Mkm decreased their price objective on shares of Hudson Technologies from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Canaccord Genuity Group reissued a “hold” rating and issued a $10.00 target price (down previously from $15.00) on shares of Hudson Technologies in a research report on Thursday, May 2nd. Craig Hallum reduced their price target on shares of Hudson Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, B. Riley lowered their price objective on Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.40.

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.