17,956 Shares in Aspen Aerogels, Inc. (NYSE:ASPN) Bought by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in shares of Aspen Aerogels, Inc. (NYSE:ASPN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,956 shares of the construction company’s stock, valued at approximately $497,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. boosted its stake in Aspen Aerogels by 167.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 102,535 shares of the construction company’s stock valued at $2,839,000 after purchasing an additional 64,154 shares during the period. Dakota Wealth Management acquired a new position in shares of Aspen Aerogels during the third quarter worth approximately $986,000. Rice Hall James & Associates LLC boosted its position in shares of Aspen Aerogels by 19.9% in the third quarter. Rice Hall James & Associates LLC now owns 535,113 shares of the construction company’s stock valued at $14,817,000 after acquiring an additional 88,711 shares during the period. Comerica Bank acquired a new stake in shares of Aspen Aerogels in the first quarter worth $1,992,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Aspen Aerogels by 66.7% during 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.

Analysts Set New Price Targets

A number of research analysts have recently commented on ASPN shares. Roth Mkm cut their price objective on shares of Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 8th. TD Cowen upped their price target on Aspen Aerogels from $36.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Benchmark reissued a “buy” rating and set a $14.00 price objective on shares of Aspen Aerogels in a report on Thursday, August 8th. Barclays cut their target price on Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded shares of Aspen Aerogels to a “sell” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Aspen Aerogels currently has a consensus rating of “Moderate Buy” and an average price target of $28.70.

Insider Activity at Aspen Aerogels

In related news, CEO Donald R. Young sold 63,355 shares of the company’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 sale, the chief executive officer now directly owns 483,640 shares in the company, valued at $14,523,709.20. This represents a 11.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.30% of the stock is currently owned by insiders.

Aspen Aerogels Trading Up 2.2 %

Shares of NYSE:ASPN opened at $14.80 on Monday. The company has a market capitalization of $1.21 billion, a P/E ratio of 1,481.48 and a beta of 2.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48. The business’s 50 day simple moving average is $19.94 and its 200 day simple moving average is $23.90. Aspen Aerogels, Inc. has a 1 year low of $10.31 and a 1 year high of $33.15.

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.