First Manhattan Co. maintained its position in Spartan Motors, Inc. (NASDAQ:SPAR) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 111,630 shares of the company’s stock at the end of the second quarter. First Manhattan Co. owned 0.32% of Spartan Motors worth $987,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC increased its position in Spartan Motors by 248.3% in the first quarter. AQR Capital Management LLC now owns 427,651 shares of the company’s stock worth $3,421,000 after buying an additional 304,854 shares in the last quarter. Heartland Advisors Inc. increased its position in Spartan Motors by 40.0% in the first quarter. Heartland Advisors Inc. now owns 700,000 shares of the company’s stock worth $5,600,000 after buying an additional 200,000 shares in the last quarter. Oxford Asset Management bought a new position in Spartan Motors during the first quarter worth approximately $1,555,000. Kennedy Capital Management Inc. bought a new position in Spartan Motors during the first quarter worth approximately $1,417,000. Finally, Segall Bryant & Hamill LLC bought a new position in Spartan Motors during the first quarter worth approximately $1,301,000. 65.08% of the stock is owned by institutional investors.

Spartan Motors (NASDAQ:SPAR) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. Spartan Motors had a return on equity of 5.57% and a net margin of 0.59%. The firm had revenue of $169.70 million during the quarter, compared to analyst estimates of $167.83 million. During the same period last year, the company posted $0.19 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year.

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SPAR has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Spartan Motors from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. TheStreet raised shares of Spartan Motors from a “c” rating to a “b-” rating in a research note on Monday, May 15th. Roth Capital set a $12.00 price objective on shares of Spartan Motors and gave the company a “buy” rating in a research note on Tuesday, August 1st. Finally, BidaskClub downgraded shares of Spartan Motors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $10.67.

In other Spartan Motors news, Director Richard R. Current acquired 5,141 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was purchased at an average cost of $9.00 per share, for a total transaction of $46,269.00. Following the transaction, the director now owns 90,000 shares of the company’s stock, valued at approximately $810,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.72% of the company’s stock.

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.

Institutional Ownership by Quarter for Spartan Motors (NASDAQ:SPAR)

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