Spartan Motors Inc (SPAR) Receives $20.00 Consensus Target Price from Brokerages

Spartan Motors Inc (NASDAQ:SPAR) has received an average rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $20.00.

A number of research analysts recently commented on SPAR shares. TheStreet raised Spartan Motors from a “c+” rating to a “b” rating in a report on Thursday, November 2nd. Seaport Global Securities reissued a “buy” rating on shares of Spartan Motors in a report on Tuesday, January 16th. BidaskClub cut Spartan Motors from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 30th. Sidoti started coverage on Spartan Motors in a report on Friday, December 1st. They issued a “buy” rating on the stock. Finally, ValuEngine cut Spartan Motors from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

In related 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 value of $326,765.22. Following the transaction, the insider now directly owns 111,165 shares of the company’s stock, valued at approximately $1,714,164.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.72% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SPAR. Dimensional Fund Advisors LP increased its stake in Spartan Motors by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,954,902 shares of the company’s stock worth $32,652,000 after acquiring an additional 27,604 shares during the last quarter. BlackRock Inc. increased its stake in Spartan Motors by 1.7% in the 4th quarter. BlackRock Inc. now owns 2,317,076 shares of the company’s stock worth $36,494,000 after acquiring an additional 39,110 shares during the last quarter. Vanguard Group Inc. increased its stake in Spartan Motors by 5.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,462,364 shares of the company’s stock worth $12,942,000 after acquiring an additional 77,653 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in Spartan Motors by 4.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,030,612 shares of the company’s stock worth $11,388,000 after acquiring an additional 46,312 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Spartan Motors by 19.4% in the 4th quarter. Renaissance Technologies LLC now owns 860,497 shares of the company’s stock worth $13,553,000 after acquiring an additional 139,941 shares during the last quarter. 65.62% of the stock is currently owned by institutional investors.

Spartan Motors (NASDAQ SPAR) opened at $15.45 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.70 and a debt-to-equity ratio of 0.14. Spartan Motors has a twelve month low of $6.30 and a twelve month high of $18.10. The company has a market capitalization of $542.34, a P/E ratio of 42.92, a P/E/G ratio of 1.91 and a beta of 0.92.

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Spartan Motors Company Profile

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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