Janus Henderson Group PLC Increases Stock Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Janus Henderson Group PLC increased its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,500 shares of the industrial products company’s stock after buying an additional 4,584 shares during the quarter. Janus Henderson Group PLC owned about 0.18% of Hudson Technologies worth $688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new position in shares of Hudson Technologies during the 3rd quarter worth about $28,000. West Tower Group LLC acquired a new position in Hudson Technologies during the third quarter worth approximately $28,000. FMR LLC raised its stake in Hudson Technologies by 299.8% during the third quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 3,502 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Hudson Technologies in the 2nd quarter valued at $55,000. Finally, Quest Partners LLC grew its stake in shares of Hudson Technologies by 121.5% during the 2nd quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock valued at $69,000 after buying an additional 4,336 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Price Performance

Hudson Technologies stock opened at $5.62 on Friday. Hudson Technologies, Inc. has a 12-month low of $5.35 and a 12-month high of $15.24. The company has a market capitalization of $254.02 million, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 0.36 and a beta of 1.13. The firm’s fifty day moving average price is $6.74 and its 200 day moving average price is $7.85.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 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 business had revenue of $61.94 million for the quarter, compared to analysts’ expectations of $64.92 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Analysts forecast that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HDSN. B. Riley reaffirmed a “neutral” rating and issued a $7.25 target price (down from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Roth Mkm downgraded 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 report on Tuesday, November 5th. Roth Capital lowered shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $10.00 to $7.00 in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group reduced their price objective on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.85.

About Hudson Technologies

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.