State Street Corp Acquires 8,344 Shares of Aspen Aerogels, Inc. (NYSE:ASPN)

State Street Corp grew its holdings in shares of Aspen Aerogels, Inc. (NYSE:ASPN) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,410,543 shares of the construction company’s stock after acquiring an additional 8,344 shares during the period. State Street Corp owned 1.72% of Aspen Aerogels worth $39,058,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ASPN. Oppenheimer & Co. Inc. grew its holdings in Aspen Aerogels by 167.2% during the third quarter. Oppenheimer & Co. Inc. now owns 102,535 shares of the construction company’s stock worth $2,839,000 after buying an additional 64,154 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Aspen Aerogels in the 3rd quarter worth about $1,342,000. Dakota Wealth Management bought a new position in Aspen Aerogels during the third quarter valued at about $986,000. Rice Hall James & Associates LLC increased its holdings in Aspen Aerogels by 19.9% during the third quarter. Rice Hall James & Associates LLC now owns 535,113 shares of the construction company’s stock worth $14,817,000 after buying an additional 88,711 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Aspen Aerogels by 66.7% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 80,591 shares of the construction company’s stock worth $1,922,000 after acquiring an additional 32,243 shares during the period. Institutional investors and hedge funds own 97.64% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ASPN. Piper Sandler reduced their target price on shares of Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. Roth Mkm decreased their target price on Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 8th. HC Wainwright reaffirmed a “buy” rating and set a $30.00 price target on shares of Aspen Aerogels in a research report on Wednesday, October 16th. StockNews.com raised Aspen Aerogels to a “sell” rating in a report on Wednesday, November 13th. Finally, Barclays dropped their price objective on shares of Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.70.

Insider Activity

In other Aspen Aerogels news, CEO Donald R. Young sold 63,355 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $30.03, for a total value of $1,902,550.65. Following the completion of the sale, the chief executive officer now owns 483,640 shares in the company, valued at approximately $14,523,709.20. The trade was a 11.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.30% of the company’s stock.

Aspen Aerogels Trading Up 0.5 %

Shares of ASPN opened at $12.05 on Friday. The business’s 50-day moving average price is $16.32 and its 200-day moving average price is $22.39. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27. The stock has a market cap of $988.67 million, a PE ratio of 1,206.21 and a beta of 2.11. Aspen Aerogels, Inc. has a twelve month low of $10.75 and a twelve month high of $33.15.

Aspen Aerogels 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.