Spartan Motors Inc (SPAR) Receives Average Recommendation of “Hold” from Analysts

Spartan Motors Inc (NASDAQ:SPAR) has received an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $20.00.

Several equities analysts have commented on SPAR shares. BidaskClub downgraded shares of Spartan Motors from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Craig Hallum set a $20.00 price objective on shares of Spartan Motors and gave the company a “buy” rating in a report on Friday, October 13th. Roth Capital upped their price objective on shares of Spartan Motors from $12.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Friday, October 20th. Finally, ValuEngine downgraded shares of Spartan Motors from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

In other Spartan Motors news, insider John W. Slawson sold 21,191 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $15.42, for a total value of $326,765.22. Following the transaction, the insider now directly owns 111,165 shares in the company, valued at $1,714,164.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.72% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of Spartan Motors by 0.9% in the third 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 stake in shares of Spartan Motors by 5.6% in the second 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 stake in shares of Spartan Motors by 4.7% in the third 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. State Street Corp grew its stake in shares of Spartan Motors by 11.6% in the second 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. Finally, Ameriprise Financial Inc. grew its stake in shares of Spartan Motors by 501.6% in the second quarter. Ameriprise Financial Inc. now owns 470,789 shares of the company’s stock valued at $4,166,000 after acquiring an additional 392,528 shares in the last quarter. Hedge funds and other institutional investors own 66.23% of the company’s stock.

Shares of Spartan Motors (NASDAQ SPAR) opened at $14.95 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. Spartan Motors has a 1 year low of $6.30 and a 1 year high of $18.10. The stock has a market cap of $521.28, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.21.

Spartan Motors (NASDAQ:SPAR) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $185.30 million. During the same period last year, the company posted $0.10 earnings per share. The business’s revenue was up 27.3% compared to the same quarter last year. equities analysts anticipate that Spartan Motors will post 0.41 EPS for the current fiscal year.

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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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