TIAA CREF Investment Management LLC Acquires Shares of 98,463 Hudson Technologies, Inc. (HDSN)

TIAA CREF Investment Management LLC acquired a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 98,463 shares of the industrial products company’s stock, valued at approximately $832,000. TIAA CREF Investment Management LLC owned 0.24% of Hudson Technologies at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in Hudson Technologies by 33.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,442,918 shares of the industrial products company’s stock worth $9,523,000 after buying an additional 363,346 shares during the last quarter. Systematic Financial Management LP grew its position in Hudson Technologies by 42.2% in the second quarter. Systematic Financial Management LP now owns 1,270,735 shares of the industrial products company’s stock worth $10,738,000 after buying an additional 376,940 shares during the last quarter. Vanguard Group Inc. grew its position in Hudson Technologies by 12.5% in the first quarter. Vanguard Group Inc. now owns 1,257,194 shares of the industrial products company’s stock worth $8,297,000 after buying an additional 139,235 shares during the last quarter. Wells Fargo & Company MN grew its position in Hudson Technologies by 36.6% in the second quarter. Wells Fargo & Company MN now owns 247,703 shares of the industrial products company’s stock worth $2,093,000 after buying an additional 66,337 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Hudson Technologies by 4.0% in the first quarter. Geode Capital Management LLC now owns 227,825 shares of the industrial products company’s stock worth $1,503,000 after buying an additional 8,805 shares during the last quarter. Hedge funds and other institutional investors own 72.34% of the company’s stock.

Several research firms have issued reports on HDSN. Zacks Investment Research upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. B. Riley lowered shares of Hudson Technologies to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Wednesday, August 16th. BidaskClub lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Roth Capital set a $11.00 price target on shares of Hudson Technologies and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, ValuEngine upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $9.25.

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Hudson Technologies, Inc. (NASDAQ HDSN) opened at $6.12 on Monday. Hudson Technologies, Inc. has a 52-week low of $5.70 and a 52-week high of $10.40. The firm has a market cap of $257.28, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 0.70 and a beta of 1.12.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. Hudson Technologies had a net margin of 11.69% and a return on equity of 12.58%. The firm had revenue of $24.70 million for the quarter, compared to analysts’ expectations of $25.00 million. During the same period in the previous year, the company posted $0.14 EPS. The company’s quarterly revenue was down 29.2% compared to the same quarter last year. sell-side analysts expect that Hudson Technologies, Inc. will post 0.32 EPS for the current year.

Hudson Technologies Company Profile

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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Institutional Ownership by Quarter for Hudson Technologies (NASDAQ:HDSN)

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