Vanguard Group Inc. increased its holdings in shares of Spartan Motors Inc (NASDAQ:SPAR) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,639,260 shares of the company’s stock after purchasing an additional 56,871 shares during the period. Vanguard Group Inc. owned 4.64% of Spartan Motors worth $17,966,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Summit Creek Advisors LLC raised its position in Spartan Motors by 0.3% during the 2nd quarter. Summit Creek Advisors LLC now owns 635,838 shares of the company’s stock worth $6,969,000 after buying an additional 1,830 shares during the last quarter. Prudential Financial Inc. raised its position in Spartan Motors by 14.5% during the 2nd quarter. Prudential Financial Inc. now owns 16,552 shares of the company’s stock worth $181,000 after buying an additional 2,100 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Spartan Motors by 15.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 15,844 shares of the company’s stock worth $174,000 after buying an additional 2,102 shares during the last quarter. Centaurus Financial Inc. raised its position in Spartan Motors by 54.0% during the 1st quarter. Centaurus Financial Inc. now owns 8,182 shares of the company’s stock worth $927,000 after buying an additional 2,868 shares during the last quarter. Finally, Bank of Montreal Can raised its position in Spartan Motors by 19,486.7% during the 2nd quarter. Bank of Montreal Can now owns 2,938 shares of the company’s stock worth $32,000 after buying an additional 2,923 shares during the last quarter. Hedge funds and other institutional investors own 69.87% of the company’s stock.

A number of brokerages have commented on SPAR. Zacks Investment Research downgraded shares of Spartan Motors from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Craig Hallum upped their price objective on shares of Spartan Motors from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. ValuEngine upgraded shares of Spartan Motors from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Sidoti upped their price objective on shares of Spartan Motors from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, BidaskClub upgraded shares of Spartan Motors from a “hold” rating to a “buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $16.25.

In related news, CEO Daryl M. Adams sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $13.69, for a total value of $171,125.00. Following the transaction, the chief executive officer now owns 614,675 shares in the company, valued at $8,414,900.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 37,500 shares of company stock worth $485,000 in the last 90 days. 4.22% of the stock is currently owned by insiders.

Shares of SPAR traded up $0.03 during mid-day trading on Friday, hitting $14.28. The company had a trading volume of 120,638 shares, compared to its average volume of 187,653. Spartan Motors Inc has a 1-year low of $6.70 and a 1-year high of $15.00. The business’s 50-day simple moving average is $13.43 and its 200-day simple moving average is $10.98. The company has a quick ratio of 1.13, a current ratio of 1.61 and a debt-to-equity ratio of 0.17. The stock has a market cap of $503.33 million, a PE ratio of 29.75 and a beta of 1.43.

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

About Spartan Motors

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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