Olstein Capital Management L.P. acquired a new stake in Spartan Motors Inc (NASDAQ:SPAR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 178,830 shares of the company’s stock, valued at approximately $2,817,000. Olstein Capital Management L.P. owned approximately 0.51% of Spartan Motors as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in SPAR. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Spartan Motors by 0.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 256,550 shares of the company’s stock worth $2,270,000 after buying an additional 2,000 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Spartan Motors by 18.9% in the second quarter. Voya Investment Management LLC now owns 19,185 shares of the company’s stock worth $170,000 after buying an additional 3,049 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Spartan Motors by 15.5% in the second quarter. The Manufacturers Life Insurance Company now owns 30,895 shares of the company’s stock worth $273,000 after buying an additional 4,145 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Spartan Motors by 10.8% in the second quarter. Teachers Advisors LLC now owns 61,987 shares of the company’s stock worth $549,000 after buying an additional 6,051 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Spartan Motors in the fourth quarter worth about $179,000. Institutional investors and hedge funds own 65.62% of the company’s stock.
Shares of Spartan Motors Inc (NASDAQ:SPAR) opened at $15.75 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.70 and a quick ratio of 0.95. The company has a market capitalization of $540.59, a PE ratio of 38.42, a P/E/G ratio of 1.90 and a beta of 0.92. Spartan Motors Inc has a 52-week low of $6.30 and a 52-week high of $18.10.
In other Spartan Motors news, insider John W. Slawson sold 21,191 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $15.42, for a total transaction of $326,765.22. Following the sale, the insider now directly owns 111,165 shares of the company’s stock, valued at $1,714,164.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.72% of the company’s stock.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Spartan Motors from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. BidaskClub upgraded Spartan Motors from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Seaport Global Securities reiterated a “buy” rating on shares of Spartan Motors in a research report on Tuesday, January 16th. Finally, ValuEngine downgraded Spartan Motors from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Spartan Motors has a consensus rating of “Hold” and an average target price of $17.00.
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About Spartan Motors
Spartan Motors, Inc is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company operates through three segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The Company’s Emergency Response Vehicles segment engineers and manufactures emergency response chassis, emergency response bodies and aerial equipment.
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