Spartan Motors Inc. (SPAR) Trading Up 4.3%
Spartan Motors Inc. (NASDAQ:SPAR) was up 4.3% on Wednesday . The company traded as high as $8.33 and last traded at $8.33, with a volume of 310,541 shares. The stock had previously closed at $7.99.
A number of research firms recently commented on SPAR. Craig Hallum began coverage on Spartan Motors in a report on Tuesday. They issued a “buy” rating for the company. Zacks Investment Research upgraded Spartan Motors from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, TheStreet upgraded Spartan Motors from a “sell” rating to a “hold” rating in a report on Monday, April 18th.
The company’s market capitalization is $287.24 million. The company’s 50 day moving average price is $6.60 and its 200-day moving average price is $4.86.
Spartan Motors (NASDAQ:SPAR) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07. During the same period in the prior year, the firm posted ($0.09) EPS. The business earned $133.70 million during the quarter, compared to analyst estimates of $132.40 million. Spartan Motors’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts expect that Spartan Motors Inc. will post $0.18 EPS for the current fiscal year.
In other Spartan Motors news, CFO Frederick J. Sohm acquired 5,000 shares of Spartan Motors stock in a transaction on Tuesday, May 10th. The shares were bought at an average price of $5.65 per share, with a total value of $28,250.00. Following the completion of the purchase, the chief financial officer now owns 112,550 shares in the company, valued at $635,907.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
An institutional investor recently raised its position in Spartan Motors stock. Dimensional Fund Advisors LP raised its position in Spartan Motors Inc. (NASDAQ:SPAR) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 about 6.70% of Spartan Motors worth $7,146,000 at the end of the most recent reporting period.
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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