Voya Investment Management LLC Raises Stock Position in Hudson Technologies, Inc. $HDSN

Voya Investment Management LLC grew its position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 32.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,545 shares of the industrial products company’s stock after purchasing an additional 12,110 shares during the period. Voya Investment Management LLC owned approximately 0.11% of Hudson Technologies worth $306,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Hartree Partners LP bought a new stake in shares of Hudson Technologies in the first quarter worth about $22,046,000. New South Capital Management Inc. increased its holdings in shares of Hudson Technologies by 12.3% in the first quarter. New South Capital Management Inc. now owns 1,483,719 shares of the industrial products company’s stock worth $9,155,000 after purchasing an additional 162,002 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Hudson Technologies by 9.8% in the first quarter. American Century Companies Inc. now owns 868,059 shares of the industrial products company’s stock worth $5,356,000 after purchasing an additional 77,587 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Hudson Technologies by 7.2% in the first quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock worth $3,650,000 after purchasing an additional 39,654 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Hudson Technologies by 13.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 418,740 shares of the industrial products company’s stock worth $2,337,000 after purchasing an additional 51,100 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Stock Down 1.4%

Shares of NASDAQ:HDSN opened at $9.84 on Monday. The company has a market capitalization of $429.71 million, a price-to-earnings ratio of 24.60 and a beta of 0.97. Hudson Technologies, Inc. has a 52 week low of $5.11 and a 52 week high of $10.52. The firm has a 50 day moving average of $9.68 and a 200 day moving average of $7.90.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $72.85 million for the quarter, compared to the consensus estimate of $71.67 million. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%. On average, sell-side analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Hudson Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, September 8th. B. Riley raised Hudson Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $7.50 to $9.00 in a report on Monday, June 16th. Finally, Canaccord Genuity Group upgraded Hudson Technologies from a “hold” rating to a “buy” rating and lifted their price target for the stock from $6.75 to $10.50 in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.63.

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.