Northern Trust Corp Raises Stock Holdings in Aspen Aerogels, Inc. (NYSE:ASPN)

Northern Trust Corp lifted its stake in shares of Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 641,050 shares of the construction company's stock after acquiring an additional 77,364 shares during the period. Northern Trust Corp owned 0.78% of Aspen Aerogels worth $7,616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ASPN. AlphaQuest LLC raised its holdings in shares of Aspen Aerogels by 54.0% during the 4th quarter. AlphaQuest LLC now owns 11,395 shares of the construction company's stock worth $135,000 after acquiring an additional 3,998 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Aspen Aerogels during the 4th quarter worth about $164,000. Journey Strategic Wealth LLC acquired a new stake in shares of Aspen Aerogels during the 4th quarter worth about $178,000. Ballentine Partners LLC increased its position in shares of Aspen Aerogels by 19.2% during the 4th quarter. Ballentine Partners LLC now owns 15,914 shares of the construction company's stock worth $189,000 after purchasing an additional 2,565 shares during the last quarter. Finally, Capula Management Ltd acquired a new stake in shares of Aspen Aerogels during the 4th quarter worth about $208,000. Hedge funds and other institutional investors own 97.64% of the company's stock.

Aspen Aerogels Trading Down 0.2%

NYSE ASPN traded down $0.01 during trading on Friday, hitting $6.41. The stock had a trading volume of 3,824,375 shares, compared to its average volume of 1,998,049. The company has a market capitalization of $526.29 million, a PE ratio of 40.07 and a beta of 2.72. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $5.80 and a 200 day moving average price of $9.67. Aspen Aerogels, Inc. has a twelve month low of $4.16 and a twelve month high of $33.15.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last released its earnings results on Thursday, May 8th. The construction company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company had revenue of $78.72 million during the quarter, compared to the consensus estimate of $82.75 million. Aspen Aerogels had a return on equity of 7.49% and a net margin of 2.95%. Aspen Aerogels's revenue was down 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.02) EPS. As a group, equities research analysts forecast that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen raised Aspen Aerogels to a "sell" rating in a research report on Wednesday, February 19th. Barclays cut their price objective on Aspen Aerogels from $25.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, February 19th. TD Cowen raised Aspen Aerogels to a "strong-buy" rating in a research report on Tuesday, March 11th. Roth Mkm cut their price objective on Aspen Aerogels from $22.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Finally, Oppenheimer downgraded Aspen Aerogels from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $19.11.

Insider Activity

In related news, CEO Donald R. Young acquired 20,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was acquired at an average price of $5.35 per share, for a total transaction of $107,000.00. Following the purchase, the chief executive officer now owns 550,856 shares of the company's stock, valued at $2,947,079.60. This represents a 3.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.30% of the company's stock.

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.