Intech Investment Management LLC Purchases New Shares in Aspen Aerogels, Inc. (NYSE:ASPN)

Intech Investment Management LLC acquired a new stake in Aspen Aerogels, Inc. (NYSE:ASPN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,956 shares of the construction company’s stock, valued at approximately $497,000.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Aspen Aerogels by 5.1% during the first quarter. Vanguard Group Inc. now owns 3,619,702 shares of the construction company’s stock worth $63,707,000 after purchasing an additional 175,906 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Aspen Aerogels by 15.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,580 shares of the construction company’s stock worth $257,000 after buying an additional 1,938 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Aspen Aerogels by 8.6% in the first quarter. California State Teachers Retirement System now owns 60,039 shares of the construction company’s stock valued at $1,057,000 after buying an additional 4,734 shares during the last quarter. Comerica Bank purchased a new position in shares of Aspen Aerogels in the first quarter worth about $1,992,000. Finally, Virtu Financial LLC purchased a new position in shares of Aspen Aerogels in the first quarter worth about $246,000. Institutional investors and hedge funds own 97.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ASPN. Piper Sandler lowered their price objective on Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 22nd. Roth Mkm dropped their price objective on shares of Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating for the company in a report on Friday, November 8th. StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a research note on Wednesday, November 13th. HC Wainwright reissued a “buy” rating and issued a $30.00 price target on shares of Aspen Aerogels in a research note on Wednesday, October 16th. Finally, TD Cowen lifted their price target on shares of Aspen Aerogels from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Aspen Aerogels currently has an average rating of “Moderate Buy” and an average price target of $28.70.

Aspen Aerogels Price Performance

Shares of NYSE ASPN opened at $14.80 on Monday. The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 1,481.48 and a beta of 2.21. Aspen Aerogels, Inc. has a twelve month low of $10.31 and a twelve month high of $33.15. The business has a 50 day simple moving average of $19.94 and a 200-day simple moving average of $23.90.

Insider Transactions at Aspen Aerogels

In related news, CEO Donald R. Young sold 63,355 shares of Aspen Aerogels stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $30.03, for a total transaction of $1,902,550.65. Following the transaction, the chief executive officer now directly owns 483,640 shares of the company’s stock, valued at $14,523,709.20. The trade was a 11.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.30% of the company’s stock.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.