Wells Fargo & Company MN boosted its position in shares of Spartan Motors Inc (NASDAQ:SPAR) by 82.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 767,326 shares of the company’s stock after purchasing an additional 346,055 shares during the period. Wells Fargo & Company MN owned about 2.17% of Spartan Motors worth $8,410,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SPAR. Aperio Group LLC bought a new position in Spartan Motors during the 2nd quarter valued at about $33,000. BNP Paribas Arbitrage SA grew its stake in Spartan Motors by 54,830.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,141 shares of the company’s stock worth $63,000 after acquiring an additional 7,128 shares in the last quarter. Sawtooth Solutions LLC bought a new position in Spartan Motors in the 1st quarter worth about $298,000. Mesirow Financial Investment Management Inc. grew its stake in Spartan Motors by 12.1% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 62,517 shares of the company’s stock worth $639,000 after acquiring an additional 6,733 shares in the last quarter. Finally, Trellus Management Company LLC grew its stake in Spartan Motors by 8.4% in the 2nd quarter. Trellus Management Company LLC now owns 81,925 shares of the company’s stock worth $898,000 after acquiring an additional 6,364 shares in the last quarter. Institutional investors own 69.53% of the company’s stock.

In other news, insider Daryl M. Adams sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $10.99, for a total value of $137,375.00. Following the completion of the sale, the insider now owns 652,175 shares of the company’s stock, valued at approximately $7,167,403.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 50,000 shares of company stock valued at $570,250 in the last ninety days. Corporate insiders own 4.22% of the company’s stock.

A number of equities analysts have commented on the stock. ValuEngine upgraded shares of Spartan Motors from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. BidaskClub upgraded shares of Spartan Motors from a “hold” rating to a “buy” rating in a research note on Friday. Craig Hallum upped their target price on shares of Spartan Motors from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Zacks Investment Research downgraded shares of Spartan Motors from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Roth Capital restated a “buy” rating on shares of Spartan Motors in a research note on Friday, May 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $15.00.

SPAR stock traded up $0.20 during mid-day trading on Friday, reaching $13.72. The company had a trading volume of 1,107 shares, compared to its average volume of 140,450. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.61 and a quick ratio of 1.13. The company has a market capitalization of $464.83 million, a PE ratio of 28.69 and a beta of 1.46. The firm has a 50 day moving average of $12.20 and a 200 day moving average of $10.09. Spartan Motors Inc has a 12 month low of $6.70 and a 12 month high of $16.00.

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

Spartan Motors 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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Institutional Ownership by Quarter for Spartan Motors (NASDAQ:SPAR)

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