Schwab Charles Investment Management Inc. Invests $505,000 in Hudson Technologies, Inc. (HDSN) Stock
Schwab Charles Investment Management Inc. acquired a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 59,700 shares of the industrial products company’s stock, valued at approximately $505,000. Schwab Charles Investment Management Inc. owned about 0.14% of Hudson Technologies as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Gradient Investments LLC purchased a new position in Hudson Technologies during the 2nd quarter worth $314,000. Parthenon LLC purchased a new position in Hudson Technologies during the 2nd quarter worth $237,000. Paloma Partners Management Co purchased a new position in Hudson Technologies during the 1st quarter worth $194,000. Vanguard Group Inc. grew its position in Hudson Technologies by 12.5% during the 1st quarter. Vanguard Group Inc. now owns 1,257,194 shares of the industrial products company’s stock worth $8,297,000 after purchasing an additional 139,235 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Hudson Technologies by 33.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,442,918 shares of the industrial products company’s stock worth $9,523,000 after purchasing an additional 363,346 shares during the last quarter. 76.38% of the stock is currently owned by institutional investors.
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Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) opened at $6.06 on Friday. The firm has a market cap of $252.33, a PE ratio of 13.77, a PEG ratio of 0.60 and a beta of 1.12. Hudson Technologies, Inc. has a fifty-two week low of $5.74 and a fifty-two week high of $10.40.
Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.06. The business had revenue of $52.23 million for the quarter, compared to the consensus estimate of $46.34 million. Hudson Technologies had a net margin of 12.80% and a return on equity of 16.99%. analysts predict that Hudson Technologies, Inc. will post 0.37 earnings per share for the current fiscal year.
Several research analysts have issued reports on the stock. B. Riley downgraded shares of Hudson Technologies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $8.50 to $10.00 in a research report on Wednesday, August 9th. ValuEngine downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Roth Capital set a $11.00 price objective on shares of Hudson Technologies and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, BidaskClub downgraded shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $9.50.
About Hudson Technologies
Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.
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