Allspring Global Investments Holdings LLC Takes Position in Hudson Technologies, Inc. $HDSN

Allspring Global Investments Holdings LLC acquired a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 175,311 shares of the industrial products company’s stock, valued at approximately $1,704,000. Allspring Global Investments Holdings LLC owned about 0.40% of Hudson Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HDSN. EP Wealth Advisors LLC grew its holdings in shares of Hudson Technologies by 29.7% during the 1st quarter. EP Wealth Advisors LLC now owns 16,519 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 3,785 shares during the period. AQR Capital Management LLC lifted its position in 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 valued at $3,650,000 after buying an additional 39,654 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Hudson Technologies during the first quarter worth about $97,000. Goldman Sachs Group Inc. boosted its stake in Hudson Technologies by 49.1% during the first quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock worth $1,516,000 after buying an additional 80,973 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Hudson Technologies during the first quarter valued at about $510,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Trading Up 0.9%

NASDAQ:HDSN opened at $7.10 on Friday. The firm has a market cap of $305.30 million, a PE ratio of 14.20 and a beta of 0.86. The stock has a fifty day moving average price of $7.16 and a 200 day moving average price of $8.52. Hudson Technologies, Inc. has a 12-month low of $5.11 and a 12-month high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The company had revenue of $74.01 million for the quarter, compared to analyst estimates of $72.15 million. Hudson Technologies had a return on equity of 8.97% and a net margin of 9.60%. Equities analysts forecast that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on HDSN shares. Canaccord Genuity Group decreased their price objective on shares of Hudson Technologies from $10.50 to $10.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Zacks Research cut Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price target for the company. in a research report on Thursday, November 6th. Wall Street Zen upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Hudson Technologies in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $9.33.

Hudson Technologies Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.