Hudson Technologies, Inc. (NASDAQ:HDSN) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,321 shares of the industrial products company’s stock after purchasing an additional 23,066 shares during the quarter. Bank of New York Mellon Corp owned about 0.42% of Hudson Technologies worth $1,056,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wedge Capital Management L L P NC acquired a new position in Hudson Technologies in the fourth quarter valued at approximately $1,612,000. JPMorgan Chase & Co. raised its position in Hudson Technologies by 69.7% in the third quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company’s stock valued at $2,824,000 after purchasing an additional 139,042 shares during the period. Barclays PLC lifted its stake in shares of Hudson Technologies by 314.0% in the 3rd quarter. Barclays PLC now owns 68,191 shares of the industrial products company’s stock valued at $569,000 after purchasing an additional 51,719 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Hudson Technologies during the 3rd quarter worth $373,000. Finally, XTX Topco Ltd acquired a new stake in shares of Hudson Technologies during the 3rd quarter worth about $347,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their target price on shares of Hudson Technologies from $8.00 to $6.25 and set a “hold” rating on the stock in a research report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, Hudson Technologies presently has an average rating of “Hold” and an average price target of $7.50.

Hudson Technologies Stock Up 1.8 %

HDSN opened at $6.26 on Tuesday. Hudson Technologies, Inc. has a 52 week low of $5.17 and a 52 week high of $11.92. The business has a fifty day simple moving average of $5.85 and a 200-day simple moving average of $6.44. The firm has a market cap of $275.60 million, a P/E ratio of 9.63, a P/E/G ratio of 0.49 and a beta of 1.12.

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.