Peterson Wealth Services Buys New Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Peterson Wealth Services acquired a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) in the 4th quarter, Holdings Channel.com reports. The firm acquired 15,364 shares of the industrial products company’s stock, valued at approximately $207,000.

Several other hedge funds have also recently bought and sold shares of the stock. Lazard Asset Management LLC lifted its position in Hudson Technologies by 6.9% during the fourth quarter. Lazard Asset Management LLC now owns 15,908 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 1,022 shares during the last quarter. State of Wyoming lifted its position in Hudson Technologies by 6.5% during the fourth quarter. State of Wyoming now owns 18,845 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 1,149 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its position in Hudson Technologies by 140.1% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,677 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 1,562 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Hudson Technologies by 7.1% during the fourth quarter. JPMorgan Chase & Co. now owns 25,251 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 1,681 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Hudson Technologies by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 18,067 shares of the industrial products company’s stock worth $174,000 after purchasing an additional 1,725 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, B. Riley lowered their target price on shares of Hudson Technologies from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, March 7th.

Hudson Technologies Trading Up 0.5 %

Shares of HDSN opened at $10.50 on Friday. Hudson Technologies, Inc. has a 12 month low of $7.21 and a 12 month high of $15.24. The firm’s 50 day moving average is $12.45 and its 200-day moving average is $12.75. The stock has a market capitalization of $477.87 million, a PE ratio of 9.46, a P/E/G ratio of 0.36 and a beta of 0.91.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Wednesday, March 6th. The industrial products company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $44.86 million for the quarter, compared to analysts’ expectations of $39.72 million. Hudson Technologies had a net margin of 18.08% and a return on equity of 25.57%. Equities research analysts predict that Hudson Technologies, Inc. will post 0.98 earnings per share for the current fiscal 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.