Aspen Aerogels, Inc. (NYSE:ASPN) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd reduced its holdings in Aspen Aerogels, Inc. (NYSE:ASPN) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 848,287 shares of the construction company’s stock after selling 107,100 shares during the period. UniSuper Management Pty Ltd’s holdings in Aspen Aerogels were worth $10,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Abbot Financial Management Inc. increased its stake in shares of Aspen Aerogels by 3.9% in the 4th quarter. Abbot Financial Management Inc. now owns 30,255 shares of the construction company’s stock worth $359,000 after acquiring an additional 1,146 shares during the last quarter. Franklin Resources Inc. increased its position in Aspen Aerogels by 5.3% during the third quarter. Franklin Resources Inc. now owns 29,418 shares of the construction company’s stock worth $815,000 after purchasing an additional 1,483 shares during the last quarter. Greenwood Capital Associates LLC raised its stake in Aspen Aerogels by 5.0% during the fourth quarter. Greenwood Capital Associates LLC now owns 36,938 shares of the construction company’s stock worth $439,000 after purchasing an additional 1,749 shares during the period. Swiss National Bank boosted its holdings in Aspen Aerogels by 1.9% in the 4th quarter. Swiss National Bank now owns 128,800 shares of the construction company’s stock valued at $1,530,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Aspen Aerogels by 2.8% in the 4th quarter. Rhumbline Advisers now owns 93,044 shares of the construction company’s stock valued at $1,105,000 after buying an additional 2,554 shares during the period. 97.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Aspen Aerogels Price Performance

ASPN opened at $6.94 on Friday. The stock’s 50-day moving average price is $9.17 and its 200 day moving average price is $14.88. Aspen Aerogels, Inc. has a 12-month low of $6.60 and a 12-month high of $33.15. The firm has a market cap of $569.40 million, a price-to-earnings ratio of 43.35 and a beta of 2.28. The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27.

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