BidaskClub upgraded shares of Spartan Motors (NASDAQ:SPAR) from a hold rating to a buy rating in a report released on Friday morning, BidAskClub reports.

SPAR has been the topic of a number of other reports. ValuEngine upgraded shares of Spartan Motors from a sell rating to a hold rating in a report on Wednesday, July 17th. Craig Hallum upped their target price on shares of Spartan Motors from $15.00 to $20.00 and gave the company a buy rating in a report on Friday, August 2nd. Zacks Investment Research lowered shares of Spartan Motors from a buy rating to a hold rating in a report on Thursday, July 25th. Finally, Roth Capital restated a buy rating on shares of Spartan Motors in a report on Friday, May 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $15.00.

NASDAQ:SPAR opened at $13.86 on Friday. The firm has a market cap of $494.13 million, a price-to-earnings ratio of 28.88 and a beta of 1.46. The company has a current ratio of 1.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average is $12.36 and its two-hundred day moving average is $10.19. Spartan Motors has a 12-month low of $6.70 and a 12-month high of $16.00.

Spartan Motors (NASDAQ:SPAR) last released its earnings results on Thursday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The firm had revenue of $247.94 million during the quarter, compared to analysts’ expectations of $235.60 million. Spartan Motors had a net margin of 1.27% and a return on equity of 8.65%. On average, equities research analysts forecast that Spartan Motors will post 0.74 earnings per share for the current fiscal year.

In other Spartan Motors news, CEO Daryl M. Adams sold 12,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $13.23, for a total value of $165,375.00. Following the transaction, the chief executive officer now directly owns 639,675 shares in the company, valued at approximately $8,462,900.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 37,500 shares of company stock worth $451,250. 3.78% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can increased its stake in shares of Spartan Motors by 19,486.7% during the 2nd quarter. Bank of Montreal Can now owns 2,938 shares of the company’s stock valued at $32,000 after acquiring an additional 2,923 shares during the last quarter. Aperio Group LLC acquired a new position in shares of Spartan Motors during the 2nd quarter valued at about $33,000. Acadian Asset Management LLC acquired a new position in shares of Spartan Motors during the 2nd quarter valued at about $48,000. BNP Paribas Arbitrage SA increased its stake in shares of Spartan Motors by 54,830.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,141 shares of the company’s stock valued at $63,000 after acquiring an additional 7,128 shares during the last quarter. Finally, Centaurus Financial Inc. increased its stake in shares of Spartan Motors by 54.0% during the 1st quarter. Centaurus Financial Inc. now owns 8,182 shares of the company’s stock valued at $927,000 after acquiring an additional 2,868 shares during the last quarter. 69.53% of the stock is owned by institutional investors.

Spartan Motors Company Profile

Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, assembles, and sells specialty and heavy-duty 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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