Bank of New York Mellon Corp Has $1.62 Million Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Bank of New York Mellon Corp boosted its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 9.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,712 shares of the industrial products company’s stock after buying an additional 15,392 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.41% of Hudson Technologies worth $1,624,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Hudson Technologies by 1.7% in the first quarter. Vanguard Group Inc. now owns 2,280,462 shares of the industrial products company’s stock valued at $25,108,000 after buying an additional 37,158 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Hudson Technologies by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,574,769 shares of the industrial products company’s stock valued at $21,243,000 after purchasing an additional 30,217 shares during the last quarter. Foundry Partners LLC raised its position in Hudson Technologies by 81.0% in the first quarter. Foundry Partners LLC now owns 676,098 shares of the industrial products company’s stock valued at $7,444,000 after purchasing an additional 302,529 shares during the last quarter. RK Capital Management LLC raised its position in Hudson Technologies by 3.8% in the fourth quarter. RK Capital Management LLC now owns 498,300 shares of the industrial products company’s stock valued at $6,722,000 after purchasing an additional 18,400 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Hudson Technologies in the first quarter valued at about $4,549,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Price Performance

Shares of HDSN opened at $8.37 on Thursday. Hudson Technologies, Inc. has a 1 year low of $6.94 and a 1 year high of $15.24. The company has a market capitalization of $380.93 million, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 0.45 and a beta of 1.21. The business has a 50-day moving average of $8.27 and a 200-day moving average of $9.44.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). Hudson Technologies had a return on equity of 16.65% and a net margin of 14.00%. The company had revenue of $75.28 million for the quarter, compared to the consensus estimate of $78.63 million. During the same quarter last year, the business earned $0.41 earnings per share. As a group, sell-side analysts anticipate that Hudson Technologies, Inc. will post 0.58 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the company. B. Riley dropped their target price on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Craig Hallum dropped their target price on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.60.

About Hudson Technologies

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.