Swiss National Bank purchased a new stake in Spartan Motors Inc (NASDAQ:SPAR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 56,800 shares of the company’s stock, valued at approximately $895,000. Swiss National Bank owned approximately 0.16% of Spartan Motors at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in Spartan Motors by 665.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 307,650 shares of the company’s stock valued at $3,400,000 after purchasing an additional 267,441 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Spartan Motors by 29.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,087 shares of the company’s stock valued at $819,000 after acquiring an additional 16,687 shares during the last quarter. GW&K Investment Management LLC purchased a new position in shares of Spartan Motors in the 4th quarter valued at about $4,735,000. Zuckerman Investment Group LLC purchased a new position in shares of Spartan Motors in the 3rd quarter valued at about $2,850,000. Finally, State Street Corp increased its holdings in shares of Spartan Motors by 11.6% in the 2nd quarter. State Street Corp now owns 532,969 shares of the company’s stock valued at $4,719,000 after acquiring an additional 55,350 shares during the last quarter. 66.63% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on SPAR shares. BidaskClub downgraded Spartan Motors from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research downgraded Spartan Motors from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Seaport Global Securities reiterated a “buy” rating on shares of Spartan Motors in a report on Tuesday, January 16th. Sidoti started coverage on Spartan Motors in a report on Friday, December 1st. They issued a “buy” rating on the stock. Finally, ValuEngine downgraded Spartan Motors from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $17.50.
Spartan Motors Inc (NASDAQ SPAR) opened at $16.85 on Thursday. Spartan Motors Inc has a 1-year low of $7.00 and a 1-year high of $18.35. The company has a market capitalization of $591.49, a PE ratio of 31.39, a PEG ratio of 1.88 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.81 and a quick ratio of 1.10.
Spartan Motors (NASDAQ:SPAR) last released its quarterly earnings results on Thursday, March 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $181.10 million for the quarter, compared to the consensus estimate of $174.09 million. Spartan Motors had a return on equity of 9.32% and a net margin of 2.25%. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. sell-side analysts forecast that Spartan Motors Inc will post 0.61 earnings per share for the current year.
In related news, insider John W. Slawson sold 21,191 shares of the firm’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 transaction, the insider now owns 111,165 shares in the company, valued at approximately $1,714,164.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.72% of the company’s stock.
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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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