Spartan Motors (NASDAQ:SPAR) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

SPAR has been the topic of several other reports. Zacks Investment Research upgraded shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a research report on Saturday, August 26th. Craig Hallum set a $20.00 price objective on shares of Spartan Motors and gave the stock a “buy” rating in a research report on Friday, October 13th. TheStreet cut shares of Spartan Motors from a “b-” rating to a “c+” rating in a research report on Thursday, August 24th. Roth Capital lifted their price objective on shares of Spartan Motors from $12.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Finally, ValuEngine cut shares of Spartan Motors from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Spartan Motors currently has an average rating of “Buy” and a consensus price target of $17.00.

Spartan Motors (NASDAQ:SPAR) traded down $0.35 during midday trading on Tuesday, hitting $15.35. The company’s stock had a trading volume of 153,100 shares, compared to its average volume of 225,182. The company has a market capitalization of $537.08, a PE ratio of 43.61, a P/E/G ratio of 2.58 and a beta of 1.21. Spartan Motors has a 52 week low of $6.30 and a 52 week high of $17.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.70 and a quick ratio of 0.95.

Spartan Motors (NASDAQ:SPAR) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.03). Spartan Motors had a return on equity of 8.04% and a net margin of 2.15%. The firm had revenue of $189.22 million for the quarter, compared to analysts’ expectations of $185.30 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. sell-side analysts predict that Spartan Motors will post 0.41 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Spartan Motors by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,954,902 shares of the company’s stock valued at $32,652,000 after acquiring an additional 27,604 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Spartan Motors by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,462,364 shares of the company’s stock valued at $12,942,000 after acquiring an additional 77,653 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of Spartan Motors by 4.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,030,612 shares of the company’s stock valued at $11,388,000 after acquiring an additional 46,312 shares in the last quarter. Kennedy Capital Management Inc. grew its holdings in shares of Spartan Motors by 215.1% during the 2nd quarter. Kennedy Capital Management Inc. now owns 558,231 shares of the company’s stock valued at $4,940,000 after acquiring an additional 381,045 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Spartan Motors by 11.6% during 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 in the last quarter. Institutional investors and hedge funds own 66.23% of the company’s stock.

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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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