Spartan Motors Inc. (SPAR) Trading Down 1.7%
Spartan Motors Inc. (NASDAQ:SPAR) was down 1.7% during trading on Thursday . The company traded as low as $9.26 and last traded at $9.27, with a volume of 74,159 shares traded. The stock had previously closed at $9.43.
A number of equities research analysts have commented on SPAR shares. Zacks Investment Research raised shares of Spartan Motors from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective on the stock in a report on Saturday, May 7th. Craig Hallum started coverage on shares of Spartan Motors in a report on Tuesday, July 26th. They set a “buy” rating on the stock.
The stock’s 50-day moving average price is $8.02 and its 200-day moving average price is $5.57. The firm’s market cap is $320.21 million.
Spartan Motors (NASDAQ:SPAR) last posted its earnings results on Thursday, August 4th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.11. During the same period in the prior year, the business posted $0.03 EPS. The firm had revenue of $162.50 million for the quarter, compared to analyst estimates of $152.65 million. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts anticipate that Spartan Motors Inc. will post $0.32 earnings per share for the current year.
In other news, Director Kenneth Kaczmarek sold 3,909 shares of Spartan Motors stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $9.08, for a total transaction of $35,493.72. Following the completion of the sale, the director now owns 76,883 shares of the company’s stock, valued at $698,097.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
An institutional investor recently raised its position in Spartan Motors stock. Dimensional Fund Advisors LP boosted its position in Spartan Motors Inc. (NASDAQ:SPAR) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,297,714 shares of the company’s stock after buying an additional 42,234 shares during the period. Dimensional Fund Advisors LP owned 6.70% of Spartan Motors worth $7,146,000 as of its most recent SEC filing.
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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