Spartan Motors, Inc. (SPAR) Shares Sold by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC decreased its stake in shares of Spartan Motors, Inc. (NASDAQ:SPAR) by 93.5% during the first quarter, Holdings Channel reports. The firm owned 14,620 shares of the company’s stock after selling 211,148 shares during the period. Parametric Portfolio Associates LLC’s holdings in Spartan Motors were worth $117,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in shares of Spartan Motors by 4.5% in the fourth quarter. State Street Corp now owns 472,675 shares of the company’s stock valued at $4,372,000 after buying an additional 20,275 shares during the period. AQR Capital Management LLC raised its stake in Spartan Motors by 281.9% in the fourth quarter. AQR Capital Management LLC now owns 122,797 shares of the company’s stock valued at $1,136,000 after buying an additional 90,645 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in Spartan Motors during the fourth quarter valued at $246,000. Nationwide Fund Advisors raised its stake in Spartan Motors by 132.1% in the first quarter. Nationwide Fund Advisors now owns 214,572 shares of the company’s stock valued at $1,717,000 after buying an additional 122,117 shares in the last quarter. Finally, First Manhattan Co. raised its stake in Spartan Motors by 10.5% in the first quarter. First Manhattan Co. now owns 123,015 shares of the company’s stock valued at $1,178,000 after buying an additional 11,700 shares in the last quarter. Institutional investors own 65.08% of the company’s stock.
Shares of Spartan Motors, Inc. (NASDAQ SPAR) opened at 9.00 on Thursday. Spartan Motors, Inc. has a 52-week low of $6.30 and a 52-week high of $10.50. The company’s 50-day moving average price is $8.87 and its 200-day moving average price is $8.26. The firm has a market capitalization of $315.84 million, a P/E ratio of 84.11 and a beta of 1.11.
Spartan Motors (NASDAQ:SPAR) last issued its earnings results on Thursday, August 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The company had revenue of $169.70 million for the quarter, compared to analysts’ expectations of $167.83 million. Spartan Motors had a net margin of 0.59% and a return on equity of 5.57%. Spartan Motors’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. On average, equities research analysts expect that Spartan Motors, Inc. will post $0.50 EPS for the current fiscal year.
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Several analysts have recently commented on the company. Zacks Investment Research cut Spartan Motors from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. TheStreet upgraded Spartan Motors from a “c” rating to a “b-” rating in a report on Monday, May 15th. BidaskClub lowered Spartan Motors from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Roth Capital set a $12.00 target price on Spartan Motors and gave the company a “buy” rating in a report on Tuesday, August 1st. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $10.67.
About Spartan Motors
Spartan Motors, Inc is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company operates through three segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The Company’s Emergency Response Vehicles segment engineers and manufactures emergency response chassis, emergency response bodies and aerial equipment.
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