M&T Bank Corp Sells 20,568 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

M&T Bank Corp trimmed its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 12.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,959 shares of the industrial products company’s stock after selling 20,568 shares during the quarter. M&T Bank Corp owned 0.31% of Hudson Technologies worth $1,888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Arizona State Retirement System acquired a new position in Hudson Technologies during the 4th quarter worth about $154,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Hudson Technologies during the 4th quarter worth approximately $163,000. Aigen Investment Management LP bought a new stake in shares of Hudson Technologies in the 3rd quarter valued at $172,000. Peterson Wealth Services acquired a new stake in shares of Hudson Technologies during the fourth quarter worth $207,000. Finally, Jump Financial LLC bought a new position in Hudson Technologies during the third quarter worth $262,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HDSN. Roth Mkm dropped their price objective 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. Canaccord Genuity Group downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and dropped their target price for the company from $15.00 to $10.00 in a research report on Thursday, May 2nd. B. Riley reduced their price target on shares of Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Craig Hallum cut their price objective on shares of Hudson Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $10.00 target price (down from $15.00) on shares of Hudson Technologies in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hudson Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $12.40.

Hudson Technologies Stock Performance

Shares of HDSN opened at $9.14 on Friday. The firm has a market capitalization of $415.97 million, a P/E ratio of 9.33, a P/E/G ratio of 0.41 and a beta of 1.00. Hudson Technologies, Inc. has a 52 week low of $7.90 and a 52 week high of $15.24. The stock has a 50 day moving average price of $11.04 and a two-hundred day moving average price of $12.38.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $65.25 million during the quarter, compared to analyst estimates of $63.04 million. Hudson Technologies had a return on equity of 22.00% and a net margin of 16.70%. During the same period in the prior year, the firm posted $0.33 EPS. On average, equities analysts forecast that Hudson Technologies, Inc. will post 0.74 earnings per share for the current 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.