Barclays PLC Buys 51,719 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Barclays PLC lifted its position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 314.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,191 shares of the industrial products company’s stock after purchasing an additional 51,719 shares during the quarter. Barclays PLC owned 0.15% of Hudson Technologies worth $569,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HDSN. Dimensional Fund Advisors LP lifted its position in Hudson Technologies by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock valued at $17,747,000 after acquiring an additional 364,117 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Hudson Technologies during the 2nd quarter worth approximately $1,537,000. Commonwealth Equity Services LLC bought a new position in shares of Hudson Technologies during the 2nd quarter worth approximately $687,000. American Century Companies Inc. boosted its stake in shares of Hudson Technologies by 11.1% in the 2nd quarter. American Century Companies Inc. now owns 649,711 shares of the industrial products company’s stock worth $5,711,000 after buying an additional 65,174 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Hudson Technologies in the second quarter valued at approximately $381,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Roth Mkm cut Hudson Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $12.00 to $7.00 in a research report on Tuesday, November 5th. Roth Capital downgraded shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. B. Riley restated a “neutral” rating and set a $7.25 price objective (down previously from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Craig Hallum cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and dropped their target price for the company from $10.00 to $7.00 in a research note on Tuesday, November 5th. Finally, Canaccord Genuity Group decreased their price target on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.85.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock opened at $6.03 on Friday. Hudson Technologies, Inc. has a 1 year low of $5.17 and a 1 year high of $15.24. The firm has a market cap of $272.56 million, a PE ratio of 9.28, a PEG ratio of 0.48 and a beta of 1.11. The company has a 50 day simple moving average of $5.78 and a two-hundred day simple moving average of $7.29.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The firm had revenue of $61.94 million during the quarter, compared to analyst estimates of $64.92 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. As a group, research analysts anticipate that Hudson Technologies, Inc. will post 0.55 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.