Boston Partners Decreases Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Boston Partners lowered its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 60.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 27,207 shares of the industrial products company’s stock after selling 40,977 shares during the quarter. Boston Partners’ holdings in Hudson Technologies were worth $152,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HDSN. Wedge Capital Management L L P NC purchased a new position in Hudson Technologies in the 4th quarter worth approximately $1,612,000. JPMorgan Chase & Co. boosted its stake in shares of Hudson Technologies by 69.7% in the third 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. Barclays PLC grew its holdings in Hudson Technologies by 314.0% during the 3rd quarter. Barclays PLC now owns 68,191 shares of the industrial products company’s stock valued at $569,000 after purchasing an additional 51,719 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Hudson Technologies during the 3rd quarter worth $373,000. Finally, Raymond James Financial Inc. acquired a new position in Hudson Technologies in the 4th quarter worth $249,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their target price on Hudson Technologies from $8.00 to $6.25 and set a “hold” rating for the company in a research note on Monday, March 10th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, Hudson Technologies currently has an average rating of “Hold” and an average price target of $7.50.

Hudson Technologies Trading Up 2.0 %

HDSN stock opened at $6.15 on Monday. The company has a market capitalization of $270.75 million, a P/E ratio of 9.46, a PEG ratio of 0.49 and a beta of 1.12. The firm has a 50 day simple moving average of $5.83 and a 200-day simple moving average of $6.46. Hudson Technologies, Inc. has a twelve month low of $5.17 and a twelve month high of $11.92.

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.