Wellington Management Group LLP Sells 85,932 Shares of Aspen Aerogels, Inc. (NYSE:ASPN)

Wellington Management Group LLP reduced its holdings in shares of Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 57.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,700 shares of the construction company's stock after selling 85,932 shares during the quarter. Wellington Management Group LLP owned 0.08% of Aspen Aerogels worth $769,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ASPN. AlphaQuest LLC grew its stake in Aspen Aerogels by 54.0% in the 4th quarter. AlphaQuest LLC now owns 11,395 shares of the construction company's stock valued at $135,000 after purchasing an additional 3,998 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Aspen Aerogels in the 4th quarter worth approximately $164,000. Journey Strategic Wealth LLC purchased a new position in Aspen Aerogels in the fourth quarter valued at approximately $178,000. Ballentine Partners LLC grew its holdings in Aspen Aerogels by 19.2% during the fourth quarter. Ballentine Partners LLC now owns 15,914 shares of the construction company's stock valued at $189,000 after purchasing an additional 2,565 shares during the period. Finally, Aigen Investment Management LP purchased a new stake in Aspen Aerogels in the fourth quarter worth $219,000. Institutional investors and hedge funds own 97.64% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on ASPN shares. Roth Mkm dropped their price objective on shares of Aspen Aerogels from $22.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, February 14th. B. Riley decreased their price objective on shares of Aspen Aerogels from $35.00 to $22.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. TD Cowen upgraded shares of Aspen Aerogels to a "strong-buy" rating in a research report on Tuesday, March 11th. Canaccord Genuity Group cut their target price on shares of Aspen Aerogels from $20.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Finally, Seaport Res Ptn downgraded Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Aspen Aerogels currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.11.

Aspen Aerogels Trading Up 1.1 %

ASPN traded up $0.06 on Friday, hitting $5.23. 1,174,675 shares of the company were exchanged, compared to its average volume of 1,918,013. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93. Aspen Aerogels, Inc. has a 12 month low of $4.80 and a 12 month high of $33.15. The firm has a fifty day simple moving average of $6.94 and a two-hundred day simple moving average of $12.34. The stock has a market capitalization of $429.00 million, a PE ratio of 32.66 and a beta of 2.35.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last issued its earnings results 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 net margin of 2.95% and a return on equity of 7.49%. 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.