Zurcher Kantonalbank Zurich Cantonalbank Makes New $163,000 Investment in Hudson Technologies, Inc. (NASDAQ:HDSN)

Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,054 shares of the industrial products company’s stock, valued at approximately $163,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Hudson Technologies by 2.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 355,368 shares of the industrial products company’s stock valued at $4,726,000 after buying an additional 7,175 shares in the last quarter. Arizona State Retirement System acquired a new stake in Hudson Technologies during the fourth quarter worth about $154,000. Aigen Investment Management LP purchased a new position in Hudson Technologies during the third quarter worth about $172,000. Janney Montgomery Scott LLC boosted its holdings in Hudson Technologies by 40.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 51,807 shares of the industrial products company’s stock valued at $689,000 after purchasing an additional 14,863 shares during the last quarter. Finally, Brandywine Global Investment Management LLC increased its holdings in shares of Hudson Technologies by 14.2% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 137,778 shares of the industrial products company’s stock worth $1,832,000 after buying an additional 17,118 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Down 2.2 %

NASDAQ:HDSN opened at $9.21 on Thursday. The company has a market cap 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, Inc. has a 52 week low of $7.56 and a 52 week high of $15.24. The company has a fifty day simple moving average of $11.15 and a two-hundred day simple moving average of $12.40.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm earned $0.33 earnings per share. On average, analysts expect that Hudson Technologies, Inc. will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.