Aspen Aerogels, Inc. (NYSE:ASPN) Stake Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in Aspen Aerogels, Inc. (NYSE:ASPN) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,884 shares of the construction company’s stock after purchasing an additional 16,094 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.23% of Aspen Aerogels worth $2,256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ASPN. Journey Strategic Wealth LLC acquired a new stake in shares of Aspen Aerogels during the 4th quarter valued at about $178,000. Ballentine Partners LLC lifted its holdings in shares of Aspen Aerogels by 19.2% during the 4th quarter. Ballentine Partners LLC now owns 15,914 shares of the construction company’s stock valued at $189,000 after buying an additional 2,565 shares during the last quarter. Quest Partners LLC lifted its holdings in Aspen Aerogels by 263.3% in the 3rd quarter. Quest Partners LLC now owns 7,397 shares of the construction company’s stock worth $205,000 after purchasing an additional 5,361 shares during the last quarter. IFP Advisors Inc lifted its holdings in Aspen Aerogels by 6,923.4% in the 4th quarter. IFP Advisors Inc now owns 20,719 shares of the construction company’s stock worth $246,000 after purchasing an additional 20,424 shares during the last quarter. Finally, Talbot Financial LLC acquired a new stake in Aspen Aerogels in the 4th quarter worth approximately $251,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays reduced their target price on Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, February 19th. Craig Hallum dropped their price target on Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. B. Riley dropped their price target on Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Canaccord Genuity Group dropped their price target on Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, TD Cowen raised Aspen Aerogels to a “strong-buy” rating in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.11.

Aspen Aerogels Trading Up 1.8 %

Shares of ASPN opened at $7.06 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93. Aspen Aerogels, Inc. has a 52-week low of $6.60 and a 52-week high of $33.15. The firm has a market cap of $578.93 million, a price-to-earnings ratio of 44.10 and a beta of 2.28. The business’s fifty day moving average is $9.61 and its 200-day moving average is $15.40.

Aspen Aerogels (NYSE:ASPN) last announced its earnings results on Wednesday, February 12th. The construction company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.04 by $0.11. Aspen Aerogels had a return on equity of 7.49% and a net margin of 2.95%. Equities analysts anticipate that Aspen Aerogels, Inc. will post 0.17 EPS for the current fiscal year.

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.