First Trust Advisors LP lessened its stake in Spartan Motors Inc (NASDAQ:SPAR) by 28.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,918 shares of the company’s stock after selling 76,371 shares during the period. First Trust Advisors LP owned approximately 0.54% of Spartan Motors worth $1,373,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in SPAR. Schwerin Boyle Capital Management Inc. grew its stake in Spartan Motors by 474.5% in the 3rd quarter. Schwerin Boyle Capital Management Inc. now owns 505,580 shares of the company’s stock worth $7,457,000 after buying an additional 417,580 shares in the last quarter. Baird Financial Group Inc. purchased a new position in Spartan Motors in the 3rd quarter worth approximately $5,139,000. Allianz Asset Management GmbH lifted its holdings in shares of Spartan Motors by 97.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 605,600 shares of the company’s stock worth $8,933,000 after acquiring an additional 299,397 shares during the last quarter. Zuckerman Investment Group LLC lifted its holdings in shares of Spartan Motors by 45.5% in the 3rd quarter. Zuckerman Investment Group LLC now owns 522,481 shares of the company’s stock worth $7,707,000 after acquiring an additional 163,476 shares during the last quarter. Finally, Crestline Management LP bought a new stake in shares of Spartan Motors in the 3rd quarter worth approximately $1,670,000. 68.00% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on SPAR shares. BidaskClub lowered shares of Spartan Motors from a “hold” rating to a “sell” rating in a report on Friday, February 8th. TheStreet lowered shares of Spartan Motors from a “b-” rating to a “c+” rating in a report on Friday, December 14th. Finally, Zacks Investment Research upgraded shares of Spartan Motors from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.33.
Shares of SPAR opened at $8.42 on Friday. The company has a market capitalization of $296.64 million, a PE ratio of 17.54 and a beta of 1.40. Spartan Motors Inc has a fifty-two week low of $6.70 and a fifty-two week high of $19.45.
Spartan Motors (NASDAQ:SPAR) last announced its quarterly earnings data on Thursday, February 28th. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.05. The firm had revenue of $233.00 million during the quarter, compared to analyst estimates of $217.90 million. Spartan Motors had a net margin of 1.84% and a return on equity of 9.30%. The business’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. On average, research analysts predict that Spartan Motors Inc will post 0.61 earnings per share for the current year.
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Spartan Motors 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.
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