Shares of Spartan Motors Inc (NASDAQ:SPAR) have earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $20.00.
A number of research firms have weighed in on SPAR. ValuEngine cut shares of Spartan Motors from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 8th. Zacks Investment Research cut shares of Spartan Motors from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. Finally, BidaskClub cut shares of Spartan Motors from a “hold” rating to a “sell” rating in a research report on Saturday, June 16th.
NASDAQ:SPAR traded up $0.10 during trading hours on Thursday, reaching $14.25. 99,000 shares of the company were exchanged, compared to its average volume of 250,336. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 1.78. The stock has a market capitalization of $512.03 million, a PE ratio of 33.02 and a beta of 0.64. Spartan Motors has a twelve month low of $8.55 and a twelve month high of $19.45.
In other news, CFO Frederick J. Sohm sold 16,000 shares of the stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $15.97, for a total value of $255,520.00. Following the completion of the sale, the chief financial officer now directly owns 151,755 shares in the company, valued at $2,423,527.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas Kivell sold 7,500 shares of the stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $16.10, for a total transaction of $120,750.00. Following the completion of the sale, the vice president now owns 84,781 shares of the company’s stock, valued at $1,364,974.10. The disclosure for this sale can be found here. Insiders sold 59,799 shares of company stock valued at $965,492 over the last quarter. Company insiders own 4.22% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of SPAR. 12th Street Asset Management Company LLC acquired a new stake in shares of Spartan Motors in the first quarter valued at about $6,949,000. Lord Abbett & CO. LLC acquired a new stake in shares of Spartan Motors in the first quarter valued at about $6,031,000. Summit Creek Advisors LLC raised its position in shares of Spartan Motors by 88.9% in the second quarter. Summit Creek Advisors LLC now owns 600,677 shares of the company’s stock valued at $9,070,000 after buying an additional 282,723 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Spartan Motors by 50.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 631,730 shares of the company’s stock valued at $9,539,000 after buying an additional 211,526 shares during the last quarter. Finally, Centaurus Financial Inc. raised its position in shares of Spartan Motors by 154.5% in the second quarter. Centaurus Financial Inc. now owns 313,649 shares of the company’s stock valued at $4,736,000 after buying an additional 190,416 shares during the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.
Spartan Motors Company Profile
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.
Featured Article: Investing in Growth Stocks
Receive News & Ratings for Spartan Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spartan Motors and related companies with MarketBeat.com's FREE daily email newsletter.