Spartan Motors Inc (SPAR) Given Average Recommendation of “Hold” by Brokerages

Spartan Motors Inc (NASDAQ:SPAR) has been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company.

Several equities analysts recently commented on SPAR shares. ValuEngine cut shares of Spartan Motors from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. BidaskClub cut shares of Spartan Motors from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research cut shares of Spartan Motors from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th.

NASDAQ:SPAR opened at $11.04 on Tuesday. The firm has a market cap of $388.51 million, a P/E ratio of 20.83 and a beta of 0.55. Spartan Motors has a one year low of $10.87 and a one year high of $19.45. The company has a quick ratio of 1.28, a current ratio of 1.78 and a debt-to-equity ratio of 0.10.



Spartan Motors (NASDAQ:SPAR) last released its earnings results on Thursday, August 2nd. The company reported $0.12 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. The firm had revenue of $183.98 million during the quarter, compared to analysts’ expectations of $190.85 million. Spartan Motors had a net margin of 3.28% and a return on equity of 10.84%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 EPS. As a group, analysts forecast that Spartan Motors will post 0.63 earnings per share for the current fiscal year.

In related news, insider Stephen K. Guillaume sold 4,144 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $15.23, for a total transaction of $63,113.12. Following the completion of the transaction, the insider now directly owns 63,429 shares in the company, valued at approximately $966,023.67. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.22% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Strs Ohio increased its holdings in Spartan Motors by 9.9% in the 2nd quarter. Strs Ohio now owns 51,100 shares of the company’s stock valued at $771,000 after buying an additional 4,600 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Spartan Motors by 44.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 99,610 shares of the company’s stock valued at $1,505,000 after buying an additional 30,765 shares during the period. Macquarie Group Ltd. increased its holdings in Spartan Motors by 181.9% in the 2nd quarter. Macquarie Group Ltd. now owns 38,903 shares of the company’s stock valued at $587,000 after buying an additional 25,103 shares during the period. BlueMountain Capital Management LLC bought a new stake in Spartan Motors in the 2nd quarter valued at $1,312,000. Finally, Capital Fund Management S.A. bought a new stake in Spartan Motors in the 2nd quarter valued at $216,000. 67.82% of the stock is currently owned by hedge funds and other institutional investors.

About Spartan Motors

Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and purpose-built specialty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles.

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