Spartan Motors, Inc. (SPAR) Upgraded at TheStreet
A number of other brokerages have also weighed in on SPAR. Zacks Investment Research lowered Spartan Motors from a buy rating to a hold rating in a research report on Saturday. Roth Capital set a $12.00 target price on Spartan Motors and gave the stock a buy rating in a report on Tuesday, August 1st. BidaskClub downgraded Spartan Motors from a buy rating to a hold rating in a report on Thursday, August 3rd. Finally, Craig Hallum set a $20.00 target price on Spartan Motors and gave the stock a buy rating in a report on Friday, October 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $17.00.
Shares of Spartan Motors (NASDAQ SPAR) traded down $0.50 during mid-day trading on Thursday, reaching $14.80. The company had a trading volume of 221,942 shares, compared to its average volume of 471,721. The company has a market cap of $537.08, a price-to-earnings ratio of 42.50, a P/E/G ratio of 2.49 and a beta of 1.23. Spartan Motors has a twelve month low of $6.30 and a twelve month high of $17.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.70 and a quick ratio of 0.95.
Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The firm had revenue of $189.22 million for the quarter, compared to the consensus estimate of $185.30 million. Spartan Motors had a return on equity of 8.04% and a net margin of 2.15%. The company’s revenue was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. sell-side analysts anticipate that Spartan Motors will post 0.41 earnings per share for the current fiscal year.
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The business also recently announced a Semi-Annual dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.05 per share. This represents a yield of 0.65%. The ex-dividend date of this dividend is Tuesday, November 14th. Spartan Motors’s payout ratio is presently 24.39%.
Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Spartan Motors by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,927,298 shares of the company’s stock valued at $25,906,000 after purchasing an additional 36,862 shares during the period. Vanguard Group Inc. lifted its stake in shares of Spartan Motors by 5.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,462,364 shares of the company’s stock valued at $12,942,000 after purchasing an additional 77,653 shares during the period. Kennedy Capital Management Inc. lifted its stake in shares of Spartan Motors by 215.1% in the 2nd quarter. Kennedy Capital Management Inc. now owns 558,231 shares of the company’s stock valued at $4,940,000 after purchasing an additional 381,045 shares during the period. State Street Corp lifted its stake in shares of Spartan Motors by 11.6% in the 2nd quarter. State Street Corp now owns 532,969 shares of the company’s stock valued at $4,719,000 after purchasing an additional 55,350 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Spartan Motors by 501.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 470,789 shares of the company’s stock valued at $4,166,000 after purchasing an additional 392,528 shares during the period. 66.64% of the stock is currently owned by institutional investors.
Spartan Motors Company Profile
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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