Northern Trust Corp Acquires 20,142 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Northern Trust Corp boosted its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 378,569 shares of the industrial products company’s stock after acquiring an additional 20,142 shares during the quarter. Northern Trust Corp owned 0.84% of Hudson Technologies worth $2,112,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in Hudson Technologies by 152.0% during the 4th quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company’s stock valued at $4,761,000 after buying an additional 514,645 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Hudson Technologies during the 4th quarter valued at $1,733,000. Renaissance Technologies LLC raised its stake in Hudson Technologies by 19.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,502,150 shares of the industrial products company’s stock valued at $8,382,000 after buying an additional 246,000 shares during the last quarter. American Century Companies Inc. raised its stake in Hudson Technologies by 13.0% during 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 during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in Hudson Technologies during the 4th quarter valued at $455,000. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Price Performance

Shares of HDSN stock opened at $7.08 on Monday. Hudson Technologies, Inc. has a 1 year low of $5.11 and a 1 year high of $9.70. The firm has a fifty day moving average price of $6.34 and a 200-day moving average price of $5.98. The company has a market cap of $307.85 million, a price-to-earnings ratio of 10.89, a PEG ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The firm had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. Equities research analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HDSN shares. Craig Hallum upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Thursday, May 8th. Canaccord Genuity Group boosted their target price on shares of Hudson Technologies from $6.25 to $6.75 and gave the company a “hold” rating in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Hudson Technologies presently has an average rating of “Hold” and a consensus target price of $7.25.

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.