Segall Bryant & Hamill LLC Acquires 46,312 Shares of Spartan Motors, Inc. (SPAR)

Segall Bryant & Hamill LLC raised its holdings in shares of Spartan Motors, Inc. (NASDAQ:SPAR) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,030,612 shares of the company’s stock after buying an additional 46,312 shares during the period. Segall Bryant & Hamill LLC owned about 2.94% of Spartan Motors worth $11,388,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SPAR. Voya Investment Management LLC lifted its position in Spartan Motors by 18.9% during the second quarter. Voya Investment Management LLC now owns 19,185 shares of the company’s stock valued at $170,000 after buying an additional 3,049 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Spartan Motors by 12.2% during the first quarter. Metropolitan Life Insurance Co. NY now owns 25,563 shares of the company’s stock valued at $205,000 after purchasing an additional 2,776 shares during the period. Alliancebernstein L.P. purchased a new stake in shares of Spartan Motors during the second quarter valued at approximately $208,000. Royal Bank of Canada raised its stake in shares of Spartan Motors by 213.5% during the second quarter. Royal Bank of Canada now owns 27,755 shares of the company’s stock valued at $245,000 after purchasing an additional 18,903 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Spartan Motors by 15.5% during the second quarter. The Manufacturers Life Insurance Company now owns 30,895 shares of the company’s stock valued at $273,000 after purchasing an additional 4,145 shares during the period. 66.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Spartan Motors, Inc. (NASDAQ SPAR) opened at $15.85 on Friday. The stock has a market cap of $566.92, a P/E ratio of 44.86, a PEG ratio of 2.66 and a beta of 1.21. Spartan Motors, Inc. has a 12 month low of $6.30 and a 12 month high of $17.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 1.70.

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

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a dividend yield of 0.65%. Spartan Motors’s dividend payout ratio (DPR) is presently 24.39%.

A number of research firms have recently issued reports on SPAR. Zacks Investment Research upgraded shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Friday, October 20th. ValuEngine lowered shares of Spartan Motors from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Sidoti began coverage on shares of Spartan Motors in a research note on Friday, December 1st. They set a “buy” rating on the stock. TheStreet upgraded shares of Spartan Motors from a “c+” rating to a “b” rating in a research note on Thursday, November 2nd. Finally, Roth Capital lifted their price objective on shares of Spartan Motors from $12.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.00.

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Spartan Motors Company Profile

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

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