According to Zacks, “Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. “
Separately, ValuEngine upgraded shares of Hudson Technologies from a hold rating to a buy rating in a report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Hudson Technologies currently has a consensus rating of Hold and an average target price of $4.00.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Hudson Technologies during the 4th quarter worth approximately $351,000. Weber Alan W acquired a new stake in shares of Hudson Technologies during the 4th quarter worth approximately $273,000. Bank of New York Mellon Corp grew its stake in shares of Hudson Technologies by 276.7% during the 4th quarter. Bank of New York Mellon Corp now owns 96,175 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 70,646 shares during the period. Thompson Investment Management Inc. grew its stake in shares of Hudson Technologies by 55.0% during the 4th quarter. Thompson Investment Management Inc. now owns 225,325 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 80,000 shares during the period. Finally, Vanguard Group Inc grew its stake in shares of Hudson Technologies by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 1,597,854 shares of the industrial products company’s stock worth $2,045,000 after purchasing an additional 18,319 shares during the period. 64.26% of the stock is currently owned by institutional investors and hedge funds.
Hudson Technologies Company Profile
Hudson Technologies Inc operates as a refrigerant services company in the United States and internationally. It sells reclaimed and virgin refrigerants, and industrial gases; provides refrigerant management services, such as reclamation of refrigerants and laboratory testing, as well as re-usable cylinder refurbishment and hydrostatic testing services.
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