Aspen Aerogels, Inc. (NYSE:ASPN) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in Aspen Aerogels, Inc. (NYSE:ASPN) by 57.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,700 shares of the construction company’s stock after selling 85,932 shares during the period. Wellington Management Group LLP owned approximately 0.08% of Aspen Aerogels worth $769,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. DnB Asset Management AS acquired a new stake in Aspen Aerogels during the 4th quarter valued at $275,000. JPMorgan Chase & Co. boosted its position in Aspen Aerogels by 311.0% in the 4th quarter. JPMorgan Chase & Co. now owns 105,591 shares of the construction company’s stock valued at $1,254,000 after buying an additional 79,901 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Aspen Aerogels by 35.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 33,043 shares of the construction company’s stock valued at $430,000 after acquiring an additional 8,688 shares in the last quarter. EntryPoint Capital LLC boosted its stake in shares of Aspen Aerogels by 253.9% during the 4th quarter. EntryPoint Capital LLC now owns 28,811 shares of the construction company’s stock valued at $342,000 after buying an additional 20,670 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Aspen Aerogels by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 4,360,246 shares of the construction company’s stock worth $51,800,000 after buying an additional 226,251 shares in the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ASPN has been the topic of a number of research analyst reports. B. Riley reduced their price objective on shares of Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Canaccord Genuity Group reduced their price objective on Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Roth Mkm lowered their target price on shares of Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, February 14th. TD Cowen upgraded shares of Aspen Aerogels to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Seaport Res Ptn lowered shares of Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.11.

Aspen Aerogels Trading Up 3.5 %

Aspen Aerogels stock opened at $5.34 on Tuesday. Aspen Aerogels, Inc. has a 12-month low of $4.80 and a 12-month high of $33.15. The stock has a market capitalization of $438.44 million, a PE ratio of 33.38 and a beta of 2.35. The firm has a 50 day simple moving average of $7.47 and a 200-day simple moving average of $12.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48.

Aspen Aerogels (NYSE:ASPN) last released its earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a return on equity of 7.49% and a net margin of 2.95%. As a group, equities research analysts expect that Aspen Aerogels, Inc. will post 0.17 EPS for the current fiscal year.

About Aspen Aerogels

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.