Spartan Motors Inc. (SPAR) Stock Price Down 1.7%
Spartan Motors Inc. (NASDAQ:SPAR) traded down 1.7% on Thursday . The stock 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.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Spartan Motors from a “hold” rating to a “strong-buy” rating and set a $10.00 target price for the company in a research note on Wednesday, August 10th. Craig Hallum assumed coverage on Spartan Motors in a research note on Tuesday, July 26th. They set a “buy” rating for the company.
The firm’s market capitalization is $320.21 million. The firm has a 50 day moving average of $7.84 and a 200-day moving average of $5.50.
Spartan Motors (NASDAQ:SPAR) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.11. During the same quarter in the prior year, the company earned $0.03 earnings per share. The firm had revenue of $162.50 million for the quarter, compared to analyst estimates of $152.65 million. The business’s revenue was up 12.2% compared to the same quarter last year. On average, equities analysts forecast that Spartan Motors Inc. will post $0.32 EPS for the current year.
In other Spartan Motors news, Director Kenneth Kaczmarek sold 3,909 shares of the company’s stock in a transaction dated 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 directly owns 76,883 shares in the company, valued at $698,097.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
An institutional investor recently raised its position in Spartan Motors stock. Dimensional Fund Advisors LP increased its position in shares of Spartan Motors Inc. (NASDAQ:SPAR) by 1.9% during the fourth quarter, according to its most recent disclosure 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 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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