Spartan Motors Inc (SPAR) Receives Consensus Rating of “Hold” from Analysts

Shares of Spartan Motors Inc (NASDAQ:SPAR) have been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $20.00.

SPAR has been the topic of several recent research reports. Zacks Investment Research raised 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. TheStreet upgraded Spartan Motors from a “c+” rating to a “b” rating in a research report on Thursday, November 2nd. Sidoti initiated coverage on Spartan Motors in a research report on Friday, December 1st. They set a “buy” rating for the company. ValuEngine downgraded Spartan Motors from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub downgraded Spartan Motors from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th.

In related news, insider John W. Slawson sold 21,191 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $15.42, for a total transaction of $326,765.22. Following the completion of the transaction, the insider now owns 111,165 shares in the company, valued at approximately $1,714,164.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.72% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SPAR. Voya Investment Management LLC raised its position in Spartan Motors by 18.9% in the 2nd quarter. Voya Investment Management LLC now owns 19,185 shares of the company’s stock valued at $170,000 after purchasing an additional 3,049 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Spartan Motors in the 4th quarter valued at $179,000. Alliancebernstein L.P. bought a new position in Spartan Motors in the 2nd quarter valued at $208,000. Citadel Advisors LLC bought a new position in Spartan Motors in the 4th quarter valued at $226,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Spartan Motors in the 4th quarter valued at $237,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Shares of Spartan Motors (SPAR) opened at $15.75 on Thursday. Spartan Motors has a fifty-two week low of $6.30 and a fifty-two week high of $18.10. The firm has a market capitalization of $549.36, a P/E ratio of 38.41, a PEG ratio of 1.88 and a beta of 0.92. The company has a current ratio of 1.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14.

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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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