Deutsche Bank AG Acquires 112,241 Shares of Aspen Aerogels, Inc. (NYSE:ASPN)

Deutsche Bank AG increased its holdings in Aspen Aerogels, Inc. (NYSE:ASPN) by 37.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,391 shares of the construction company’s stock after acquiring an additional 112,241 shares during the quarter. Deutsche Bank AG’s holdings in Aspen Aerogels were worth $4,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Corton Capital Inc. purchased a new stake in Aspen Aerogels in the fourth quarter worth about $348,000. Bridgefront Capital LLC bought a new stake in shares of Aspen Aerogels in the 4th quarter worth approximately $243,000. Baird Financial Group Inc. boosted its position in shares of Aspen Aerogels by 16.6% in the 4th quarter. Baird Financial Group Inc. now owns 401,131 shares of the construction company’s stock worth $4,765,000 after purchasing an additional 57,039 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Aspen Aerogels in the 4th quarter worth approximately $640,000. Finally, BNP Paribas Financial Markets increased its position in Aspen Aerogels by 645.4% during the 4th quarter. BNP Paribas Financial Markets now owns 135,584 shares of the construction company’s stock valued at $1,611,000 after buying an additional 117,395 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors.

Insider Activity at Aspen Aerogels

In other news, CEO Donald R. Young acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average price of $5.35 per share, with a total value of $107,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 550,856 shares of the company’s stock, valued at approximately $2,947,079.60. The trade was a 3.77% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.30% of the stock is owned by insiders.

Aspen Aerogels Trading Up 12.0%

Aspen Aerogels stock opened at $6.38 on Monday. Aspen Aerogels, Inc. has a one year low of $4.16 and a one year high of $33.15. The business’s fifty day moving average is $5.89 and its 200 day moving average is $10.02. The stock has a market capitalization of $523.42 million, a PE ratio of 39.85 and a beta of 2.72. 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 announced its quarterly earnings results on Thursday, May 8th. The construction company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. The firm had revenue of $78.72 million for the quarter, compared to the consensus estimate of $82.75 million. During the same quarter last year, the firm posted ($0.02) EPS. The business’s quarterly revenue was down 16.7% compared to the same quarter last year. On average, sell-side analysts predict that Aspen Aerogels, Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Seaport Res Ptn downgraded Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. B. Riley lowered their price target 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. Roth Mkm dropped their price target on shares of Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Oppenheimer downgraded shares of Aspen Aerogels from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 8th. Finally, TD Cowen raised shares of Aspen Aerogels to a “strong-buy” rating in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Aspen Aerogels presently has an average rating of “Moderate Buy” and an average target price of $19.11.

Aspen Aerogels 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.