Spartan Motors (NASDAQ:SPAR)‘s stock had its “buy” rating restated by equities research analysts at Seaport Global Securities in a research report issued on Tuesday. Seaport Global Securities also issued estimates for Spartan Motors’ Q4 2017 earnings at $0.09 EPS, FY2017 earnings at $0.41 EPS, Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.54 EPS and FY2019 earnings at $0.95 EPS.

A number of other research analysts have also recently commented on SPAR. Zacks Investment Research cut Spartan Motors from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Craig Hallum set a $20.00 price target on Spartan Motors and gave the stock a “buy” rating in a research note on Friday, October 13th. Roth Capital upped their price target on Spartan Motors from $12.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, October 17th. TheStreet upgraded Spartan Motors from a “c+” rating to a “b” rating in a research note on Thursday, November 2nd. Finally, Sidoti initiated coverage on Spartan Motors in a research note on Friday, December 1st. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Spartan Motors (NASDAQ SPAR) opened at $15.10 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 1.70. Spartan Motors has a 52 week low of $6.30 and a 52 week high of $18.10. The company has a market capitalization of $524.79, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 1.85 and a beta of 1.21.

Spartan Motors (NASDAQ:SPAR) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $185.30 million. During the same quarter last year, the company earned $0.10 earnings per share. The firm’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 EPS for the current fiscal year.

In other news, insider John W. Slawson sold 21,191 shares of the stock in a transaction 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 sale, the insider now directly owns 111,165 shares in the company, valued at $1,714,164.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.72% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tudor Investment Corp Et Al raised its stake in shares of Spartan Motors by 1.5% in the fourth quarter. Tudor Investment Corp Et Al now owns 12,226 shares of the company’s stock valued at $113,000 after acquiring an additional 183 shares in the last quarter. Smith Asset Management Group LP raised its stake in shares of Spartan Motors by 1.9% in the third quarter. Smith Asset Management Group LP now owns 19,780 shares of the company’s stock valued at $189,000 after acquiring an additional 370 shares in the last quarter. American International Group Inc. raised its stake in shares of Spartan Motors by 7.0% in the first quarter. American International Group Inc. now owns 20,470 shares of the company’s stock valued at $164,000 after acquiring an additional 1,346 shares in the last quarter. Eagle Global Advisors LLC raised its stake in shares of Spartan Motors by 4.1% in the first quarter. Eagle Global Advisors LLC now owns 44,333 shares of the company’s stock valued at $355,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in shares of Spartan Motors by 0.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 256,550 shares of the company’s stock valued at $2,270,000 after acquiring an additional 2,000 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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