Creative Planning Purchases Shares of 12,705 Hudson Technologies, Inc. (NASDAQ:HDSN)

Creative Planning acquired a new position in Hudson Technologies, Inc. (NASDAQ:HDSN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,705 shares of the industrial products company’s stock, valued at approximately $106,000.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in Hudson Technologies by 37.3% during the first quarter. BNP Paribas Financial Markets now owns 21,704 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 5,894 shares during the period. Janney Montgomery Scott LLC increased its position in Hudson Technologies by 22.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 74,836 shares of the industrial products company’s stock worth $824,000 after buying an additional 13,732 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Hudson Technologies by 240,800.0% during the first quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company’s stock worth $637,000 after buying an additional 57,792 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of Hudson Technologies by 26.4% in the first quarter. Pacific Ridge Capital Partners LLC now owns 79,790 shares of the industrial products company’s stock valued at $878,000 after acquiring an additional 16,660 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Hudson Technologies by 1.7% in the first quarter. Vanguard Group Inc. now owns 2,280,462 shares of the industrial products company’s stock worth $25,108,000 after acquiring an additional 37,158 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Hudson Technologies Price Performance

Hudson Technologies stock opened at $5.98 on Wednesday. The business has a 50 day simple moving average of $7.71 and a 200 day simple moving average of $8.41. Hudson Technologies, Inc. has a one year low of $5.35 and a one year high of $15.24. The company has a market capitalization of $272.22 million, a PE ratio of 9.20, a price-to-earnings-growth ratio of 0.34 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $61.94 million during the quarter, compared to analysts’ expectations of $64.92 million. Hudson Technologies had a return on equity of 12.94% and a net margin of 12.49%. During the same period last year, the business earned $0.34 earnings per share. Equities analysts anticipate that Hudson Technologies, Inc. will post 0.57 earnings per share for the current fiscal year.

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.