Hudson Technologies, Inc. (NASDAQ:HDSN) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC trimmed its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 43.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,904 shares of the industrial products company’s stock after selling 16,025 shares during the quarter. AQR Capital Management LLC’s holdings in Hudson Technologies were worth $184,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Hudson Technologies by 1.7% in the 1st 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 during the period. Dimensional Fund Advisors LP increased its stake 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 buying an additional 364,117 shares during the period. New South Capital Management Inc. acquired a new position in Hudson Technologies in the 2nd quarter valued at $11,564,000. Sixth Street Partners Management Company L.P. increased its stake in Hudson Technologies by 30.0% in the 2nd quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock valued at $11,427,000 after buying an additional 300,000 shares during the period. Finally, Foundry Partners LLC increased its stake in Hudson Technologies by 39.3% in the 2nd quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company’s stock valued at $8,280,000 after buying an additional 265,825 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HDSN. B. Riley lowered their price target on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Craig Hallum lowered their price target on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hudson Technologies has a consensus rating of “Moderate Buy” and an average price target of $10.60.

Hudson Technologies Price Performance

Hudson Technologies stock opened at $8.12 on Friday. Hudson Technologies, Inc. has a 52 week low of $6.94 and a 52 week high of $15.24. The firm’s 50-day simple moving average is $8.01 and its 200 day simple moving average is $8.87. The firm has a market capitalization of $369.55 million, a PE ratio of 8.29, a P/E/G ratio of 0.44 and a beta of 1.20.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results 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). The firm had revenue of $75.28 million during the quarter, compared to analysts’ expectations of $78.63 million. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. During the same quarter last year, the company posted $0.41 earnings per share. On average, research analysts expect that Hudson Technologies, Inc. will post 0.58 EPS for the current fiscal year.

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.