Hudson Technologies, Inc. (NASDAQ:HDSN) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC trimmed its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 485,626 shares of the industrial products company’s stock after selling 12,283 shares during the period. Lazard Asset Management LLC owned 1.07% of Hudson Technologies worth $2,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. grew its position in Hudson Technologies by 282.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,345,553 shares of the industrial products company’s stock worth $7,508,000 after purchasing an additional 993,833 shares during the period. JPMorgan Chase & Co. boosted its holdings in Hudson Technologies by 152.0% in the 4th quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company’s stock worth $4,761,000 after buying an additional 514,645 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Hudson Technologies in the 4th quarter worth about $1,733,000. 683 Capital Management LLC boosted its holdings in Hudson Technologies by 89.4% in the 4th quarter. 683 Capital Management LLC now owns 635,900 shares of the industrial products company’s stock worth $3,548,000 after buying an additional 300,110 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in Hudson Technologies in the 4th quarter worth about $1,612,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HDSN. Canaccord Genuity Group lifted their price objective on Hudson Technologies from $6.25 to $6.75 and gave the stock 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 objective on the stock in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Hudson Technologies currently has an average rating of “Hold” and an average target price of $7.25.

Hudson Technologies Price Performance

HDSN opened at $7.82 on Friday. The company’s 50 day simple moving average is $6.20 and its two-hundred day simple moving average is $5.98. Hudson Technologies, Inc. has a 1-year low of $5.11 and a 1-year high of $10.04. The firm has a market capitalization of $340.02 million, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $55.34 million for the quarter, compared to analyst estimates of $52.23 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. On average, equities analysts anticipate that Hudson Technologies, Inc. will post 0.55 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.