Spartan Motors (SPAR) Earns “Buy” Rating from Seaport Global Securities

Seaport Global Securities reissued their buy rating on shares of Spartan Motors (NASDAQ:SPAR) in a research note released on Tuesday morning. Seaport Global Securities also issued estimates for Spartan Motors’ Q4 2017 earnings at $0.09 EPS, FY2017 earnings at $0.41 EPS, Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.54 EPS and FY2019 earnings at $0.95 EPS.

A number of other brokerages have also commented on SPAR. Zacks Investment Research upgraded Spartan Motors from a sell rating to a hold rating in a report on Friday, January 5th. BidaskClub lowered Spartan Motors from a hold rating to a sell rating in a report on Thursday, January 11th. Sidoti initiated coverage on Spartan Motors in a report on Friday, December 1st. They issued a buy rating on the stock. TheStreet upgraded Spartan Motors from a c+ rating to a b rating in a report on Thursday, November 2nd. Finally, ValuEngine downgraded Spartan Motors from a buy rating to a hold rating in a research report on Friday, December 1st. One equities research 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’s stock. The company has a consensus rating of Hold and a consensus price target of $17.00.

Shares of Spartan Motors (NASDAQ SPAR) opened at $14.85 on Tuesday. The company has a market capitalization of $514.26, a PE ratio of 36.22, a PEG ratio of 1.81 and a beta of 1.21. Spartan Motors has a twelve month low of $6.30 and a twelve month high of $18.10. The company has a quick ratio of 0.95, a current ratio of 1.70 and a debt-to-equity ratio of 0.14.

Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The firm had revenue of $189.22 million during the quarter, compared to the consensus estimate of $185.30 million. Spartan Motors had a net margin of 2.15% and a return on equity of 8.04%. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. sell-side analysts anticipate that Spartan Motors will post 0.41 EPS for the current year.

In related news, insider John W. Slawson sold 21,191 shares of Spartan Motors stock in a transaction dated Friday, December 15th. The stock was 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 of the company’s stock, valued at $1,714,164.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.72% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in SPAR. Russell Investments Group Ltd. increased its position in shares of Spartan Motors by 13.1% in the second quarter. Russell Investments Group Ltd. now owns 40,209 shares of the company’s stock valued at $356,000 after acquiring an additional 4,670 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Spartan Motors by 153.3% in the second quarter. JPMorgan Chase & Co. now owns 56,400 shares of the company’s stock valued at $499,000 after acquiring an additional 34,131 shares during the last quarter. Alliancebernstein L.P. acquired a new position in Spartan Motors during the second quarter worth approximately $208,000. Teachers Advisors LLC increased its position in Spartan Motors by 10.8% during the second quarter. Teachers Advisors LLC now owns 61,987 shares of the company’s stock worth $549,000 after buying an additional 6,051 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in Spartan Motors by 61.7% during the second quarter. TIAA CREF Investment Management LLC now owns 198,899 shares of the company’s stock worth $1,760,000 after buying an additional 75,878 shares during the last quarter. 66.23% of the stock is currently owned by institutional investors and hedge funds.

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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.

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