Bank of New York Mellon Corp Boosts Stock Holdings in Aspen Aerogels, Inc. (NYSE:ASPN)

Bank of New York Mellon Corp boosted its position in Aspen Aerogels, Inc. (NYSE:ASPN) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,884 shares of the construction company’s stock after purchasing an additional 16,094 shares during the period. Bank of New York Mellon Corp’s holdings in Aspen Aerogels were worth $2,256,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in Aspen Aerogels by 6,923.4% during the fourth quarter. IFP Advisors Inc now owns 20,719 shares of the construction company’s stock valued at $246,000 after buying an additional 20,424 shares during the period. Olympiad Research LP purchased a new stake in Aspen Aerogels during the fourth quarter valued at about $285,000. Rice Hall James & Associates LLC increased its holdings in shares of Aspen Aerogels by 3.6% in the fourth quarter. Rice Hall James & Associates LLC now owns 554,202 shares of the construction company’s stock worth $6,584,000 after buying an additional 19,089 shares during the period. Rhumbline Advisers increased its holdings in shares of Aspen Aerogels by 2.8% in the fourth quarter. Rhumbline Advisers now owns 93,044 shares of the construction company’s stock worth $1,105,000 after buying an additional 2,554 shares during the period. Finally, Yorktown Management & Research Co Inc increased its holdings in shares of Aspen Aerogels by 105.1% in the fourth quarter. Yorktown Management & Research Co Inc now owns 44,100 shares of the construction company’s stock worth $524,000 after buying an additional 22,600 shares during the period. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ASPN. Seaport Res Ptn downgraded Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Canaccord Genuity Group decreased their price objective on Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Barclays decreased their price objective on Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Roth Mkm cut their target price on Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, TD Cowen raised Aspen Aerogels to a “strong-buy” rating in a research note on Tuesday, March 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Aspen Aerogels has an average rating of “Moderate Buy” and an average price target of $19.11.

Aspen Aerogels Price Performance

Shares of ASPN opened at $7.06 on Friday. The firm has a market cap of $578.93 million, a PE ratio of 44.10 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. The firm has a fifty day simple moving average of $9.61 and a two-hundred day simple moving average of $15.40. Aspen Aerogels, Inc. has a 1-year low of $6.60 and a 1-year high of $33.15.

Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings data 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%. On average, equities analysts anticipate that Aspen Aerogels, Inc. will post 0.17 EPS for the current year.

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.