Northern Trust Corp Raises Holdings in Sparton Co. (SPA)

Northern Trust Corp grew its stake in shares of Sparton Co. (NYSE:SPA) by 7.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,706 shares of the electronics maker’s stock after acquiring an additional 8,507 shares during the period. Northern Trust Corp owned 1.22% of Sparton worth $2,273,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SPA. Bank of America Corp DE lifted its position in Sparton by 1,795.5% during the second quarter. Bank of America Corp DE now owns 16,870 shares of the electronics maker’s stock worth $320,000 after acquiring an additional 15,980 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Sparton by 34.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 18,322 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 4,680 shares during the period. PEAK6 Investments L.P. bought a new position in shares of Sparton during the second quarter worth approximately $552,000. Millennium Management LLC bought a new position in shares of Sparton during the first quarter worth approximately $661,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Sparton by 10.3% during the second quarter. Bank of New York Mellon Corp now owns 77,028 shares of the electronics maker’s stock worth $1,463,000 after purchasing an additional 7,185 shares during the period. Hedge funds and other institutional investors own 73.31% of the company’s stock.

Separately, ValuEngine cut shares of Sparton from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd.

Shares of SPA opened at $14.23 on Friday. Sparton Co. has a 12 month low of $11.95 and a 12 month high of $23.28. The company has a market cap of $139.46 million, a PE ratio of 11.92 and a beta of 1.17. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.99.

Sparton (NYSE:SPA) last announced its earnings results on Thursday, November 8th. The electronics maker reported $0.20 EPS for the quarter. Sparton had a negative net margin of 2.22% and a positive return on equity of 16.07%. The company had revenue of $89.46 million for the quarter.

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About Sparton

Sparton Corporation, together with its subsidiaries, provides design, development, and manufacturing services for electromechanical devices; and engineered products in electromechanical value stream worldwide. The company operates through two segments, Manufacturing & Design Services (MDS), and Engineered Components & Products (ECP).

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Institutional Ownership by Quarter for Sparton (NYSE:SPA)

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