Allspring Global Investments Holdings LLC Has $1.82 Million Stock Position in Aspen Aerogels, Inc. (NYSE:ASPN)

Allspring Global Investments Holdings LLC cut its position in Aspen Aerogels, Inc. (NYSE:ASPN) by 36.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 152,517 shares of the construction company’s stock after selling 86,367 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Aspen Aerogels were worth $1,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ASPN. Dakota Wealth Management acquired a new stake in Aspen Aerogels in the 3rd quarter valued at $986,000. Rice Hall James & Associates LLC lifted its stake 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 buying an additional 88,711 shares in the last quarter. Pursue Wealth Partners LLC acquired a new position in shares of Aspen Aerogels during the third quarter valued at about $222,000. Bridgewater Advisors Inc. increased its position in shares of Aspen Aerogels by 37.8% during the third quarter. Bridgewater Advisors Inc. now owns 77,357 shares of the construction company’s stock worth $2,142,000 after acquiring an additional 21,218 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in shares of Aspen Aerogels in the 3rd quarter worth about $252,000. 97.64% of the stock is owned by institutional investors.

Aspen Aerogels Trading Down 1.4 %

NYSE ASPN opened at $8.04 on Friday. The business’s fifty day moving average is $11.65 and its 200-day moving average is $18.07. 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 stock has a market capitalization of $659.27 million, a price-to-earnings ratio of 50.22 and a beta of 2.14. Aspen Aerogels, Inc. has a one year low of $7.96 and a one 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. Equities research analysts predict that Aspen Aerogels, Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ASPN shares. Seaport Res Ptn downgraded Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Roth Mkm dropped their target price on Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Craig Hallum decreased their price target on Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating for the company in a report on Friday, February 14th. Barclays dropped their price objective on Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Canaccord Genuity Group cut their price objective on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.44.

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.