Swiss National Bank bought a new stake in shares of Spartan Motors Inc (NASDAQ:SPAR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 56,800 shares of the company’s stock, valued at approximately $895,000. Swiss National Bank owned about 0.16% of Spartan Motors as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in shares of Spartan Motors by 665.1% during the third 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 during the last quarter. JPMorgan Chase & Co. raised its position in Spartan Motors by 29.6% during the third quarter. JPMorgan Chase & Co. now owns 73,087 shares of the company’s stock valued at $819,000 after buying an additional 16,687 shares during the period. GW&K Investment Management LLC acquired a new position in Spartan Motors during the fourth quarter valued at $4,735,000. Zuckerman Investment Group LLC acquired a new position in Spartan Motors during the third quarter valued at $2,850,000. Finally, State Street Corp raised its position in Spartan Motors by 11.6% during the second quarter. State Street Corp now owns 532,969 shares of the company’s stock valued at $4,719,000 after buying an additional 55,350 shares during the period. 66.49% of the stock is owned by institutional investors and hedge funds.
Shares of Spartan Motors stock traded down $0.10 during mid-day trading on Thursday, reaching $17.70. The company’s stock had a trading volume of 130,465 shares, compared to its average volume of 253,539. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 1.81. Spartan Motors Inc has a 12 month low of $7.20 and a 12 month high of $18.35. The firm has a market cap of $619.33, a price-to-earnings ratio of 38.67, a P/E/G ratio of 1.94 and a beta of 0.79.
Spartan Motors (NASDAQ:SPAR) last issued its earnings results on Thursday, March 1st. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. Spartan Motors had a return on equity of 9.32% and a net margin of 2.25%. The company had revenue of $181.10 million for the quarter, compared to analyst estimates of $174.09 million. During the same period in the prior year, the firm posted $0.04 EPS. The business’s revenue was up 24.2% compared to the same quarter last year. sell-side analysts forecast that Spartan Motors Inc will post 0.61 earnings per share for the current fiscal year.
Several research analysts recently weighed in on SPAR shares. Sidoti started coverage on Spartan Motors in a research report on Friday, December 1st. They set a “buy” rating on the stock. ValuEngine lowered Spartan Motors from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub lowered Spartan Motors from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered Spartan Motors from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Spartan Motors in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Spartan Motors currently has an average rating of “Buy” and an average target price of $17.50.
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Spartan Motors Profile
Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and purpose-built specialty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles.
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