Swiss National Bank purchased a new position in Spartan Motors Inc (NASDAQ:SPAR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 added to or reduced their stakes in the company. GW&K Investment Management LLC bought a new stake in shares of Spartan Motors during the fourth quarter valued at approximately $4,735,000. Russell Investments Group Ltd. boosted its holdings in Spartan Motors by 665.1% in the third quarter. Russell Investments Group Ltd. now owns 307,650 shares of the company’s stock worth $3,400,000 after purchasing an additional 267,441 shares during the last quarter. Zuckerman Investment Group LLC purchased a new position in shares of Spartan Motors during the 3rd quarter worth $2,850,000. EAM Investors LLC purchased a new position in shares of Spartan Motors during the 3rd quarter worth $2,260,000. Finally, First Trust Advisors LP purchased a new position in shares of Spartan Motors during the 3rd quarter worth $1,378,000. 66.49% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on SPAR. BidaskClub cut shares of Spartan Motors from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday, March 13th. Roth Capital restated a “buy” rating on shares of Spartan Motors in a research note on Friday, March 2nd. Seaport Global Securities restated a “buy” rating on shares of Spartan Motors in a research note on Tuesday, January 16th. Finally, ValuEngine upgraded shares of Spartan Motors from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.00.
Spartan Motors stock opened at $16.20 on Friday. Spartan Motors Inc has a twelve month low of $7.45 and a twelve month high of $18.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 1.81. The stock has a market capitalization of $573.72, a PE ratio of 37.67, a price-to-earnings-growth ratio of 1.80 and a beta of 0.69.
Spartan Motors (NASDAQ:SPAR) last released its quarterly earnings results on Thursday, March 1st. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Spartan Motors had a net margin of 2.25% and a return on equity of 9.32%. The firm had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $174.09 million. During the same period in the previous year, the company earned $0.04 EPS. The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. equities analysts forecast that Spartan Motors Inc will post 0.61 earnings per share for the current fiscal year.
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About Spartan Motors
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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