BidaskClub upgraded shares of Spartan Motors (NASDAQ:SPAR) from a strong sell rating to a sell rating in a report published on Monday morning.

SPAR has been the topic of several other research reports. Zacks Investment Research downgraded Spartan Motors from a buy rating to a hold rating in a report on Saturday, November 4th. Sidoti assumed coverage on shares of Spartan Motors in a research note on Friday, December 1st. They issued a buy rating on the stock. Craig Hallum set a $20.00 price objective on shares of Spartan Motors and gave the stock a buy rating in a research note on Friday, October 13th. ValuEngine downgraded shares of Spartan Motors from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, Seaport Global Securities restated a buy rating on shares of Spartan Motors in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $17.00.

Spartan Motors (NASDAQ:SPAR) opened at $13.70 on Monday. Spartan Motors has a twelve month low of $6.30 and a twelve month high of $18.10. The company has a current ratio of 1.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $493.20, a P/E ratio of 39.03, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92.

In other news, insider John W. Slawson sold 21,191 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $15.42, for a total value of $326,765.22. Following the sale, the insider now owns 111,165 shares in the company, valued at $1,714,164.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.72% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Spartan Motors by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,954,902 shares of the company’s stock worth $32,652,000 after acquiring an additional 27,604 shares during the last quarter. Vanguard Group Inc. lifted its position in Spartan Motors by 5.6% in the second quarter. Vanguard Group Inc. now owns 1,462,364 shares of the company’s stock worth $12,942,000 after purchasing an additional 77,653 shares during the period. Segall Bryant & Hamill LLC lifted its position in Spartan Motors by 4.7% in the third quarter. Segall Bryant & Hamill LLC now owns 1,030,612 shares of the company’s stock worth $11,388,000 after purchasing an additional 46,312 shares during the period. State Street Corp lifted its position in Spartan Motors by 11.6% in the second quarter. State Street Corp now owns 532,969 shares of the company’s stock worth $4,719,000 after purchasing an additional 55,350 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Spartan Motors by 501.6% in the second quarter. Ameriprise Financial Inc. now owns 470,789 shares of the company’s stock worth $4,166,000 after purchasing an additional 392,528 shares during the period. Institutional investors and hedge funds own 66.36% of the company’s stock.

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Spartan Motors Company Profile

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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