D. E. Shaw & Co. Inc. Has $7.51 Million Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

D. E. Shaw & Co. Inc. grew its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 282.6% during the fourth quarter, Holdings Channel reports. The firm owned 1,345,553 shares of the industrial products company’s stock after purchasing an additional 993,833 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Hudson Technologies were worth $7,508,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HDSN. Barclays PLC lifted its holdings in Hudson Technologies by 314.0% during the third quarter. Barclays PLC now owns 68,191 shares of the industrial products company’s stock worth $569,000 after acquiring an additional 51,719 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Hudson Technologies by 69.7% during the 3rd 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. Wedge Capital Management L L P NC purchased a new position in Hudson Technologies during the fourth quarter worth about $1,612,000. SG Americas Securities LLC grew its position in Hudson Technologies by 48.1% during the fourth quarter. SG Americas Securities LLC now owns 28,681 shares of the industrial products company’s stock worth $160,000 after buying an additional 9,319 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Hudson Technologies by 50.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 54,682 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 18,344 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HDSN shares. Canaccord Genuity Group increased their target price on Hudson Technologies from $6.25 to $6.75 and gave the company a “hold” rating in a report on Thursday, May 8th. Craig Hallum upgraded Hudson Technologies from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.25.

Hudson Technologies Price Performance

HDSN stock opened at $7.88 on Friday. Hudson Technologies, Inc. has a 1 year low of $5.11 and a 1 year high of $10.04. The stock’s fifty day moving average price is $6.16 and its 200-day moving average price is $5.98. The company has a market cap of $346.53 million, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $55.34 million for the quarter, compared to the consensus estimate of $52.23 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. As a group, analysts expect that Hudson Technologies, Inc. will post 0.55 earnings per share for the current 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.