BlackRock Inc. lessened its stake in Spartan Motors Inc (NASDAQ:SPAR) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,322,513 shares of the company’s stock after selling 5,838 shares during the quarter. BlackRock Inc. owned about 0.07% of Spartan Motors worth $16,791,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Perritt Capital Management Inc. acquired a new position in Spartan Motors in the 4th quarter valued at about $362,000. Victory Capital Management Inc. increased its position in Spartan Motors by 32.1% in the 4th quarter. Victory Capital Management Inc. now owns 132,500 shares of the company’s stock valued at $958,000 after acquiring an additional 32,200 shares during the period. LSV Asset Management acquired a new position in Spartan Motors in the 4th quarter valued at about $566,000. Trellus Management Company LLC increased its position in Spartan Motors by 110.7% in the 4th quarter. Trellus Management Company LLC now owns 42,140 shares of the company’s stock valued at $305,000 after acquiring an additional 22,140 shares during the period. Finally, Rhumbline Advisers increased its position in Spartan Motors by 44.5% in the 4th quarter. Rhumbline Advisers now owns 46,989 shares of the company’s stock valued at $340,000 after acquiring an additional 14,480 shares during the period. 68.00% of the stock is owned by hedge funds and other institutional investors.
SPAR has been the topic of several recent research reports. BidaskClub cut Spartan Motors from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Zacks Investment Research raised Spartan Motors from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.33.
Shares of SPAR opened at $9.22 on Wednesday. Spartan Motors Inc has a twelve month low of $6.70 and a twelve month high of $19.45. The company has a market capitalization of $318.83 million, a price-to-earnings ratio of 19.21 and a beta of 1.39.
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, beating the Zacks’ consensus estimate of $0.04 by $0.06. Spartan Motors had a return on equity of 9.30% and a net margin of 1.84%. The company had revenue of $233.00 million for the quarter, compared to analyst estimates of $217.90 million. During the same quarter in the previous year, the company earned $0.11 EPS. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. As a group, equities research analysts forecast that Spartan Motors Inc will post 0.61 earnings per share for the current fiscal year.
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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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