Fuller & Thaler Asset Management Inc. Lowers Position in Spartan Motors, Inc. (SPAR)

Fuller & Thaler Asset Management Inc. lowered its stake in shares of Spartan Motors, Inc. (NASDAQ:SPAR) by 23.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 518,900 shares of the company’s stock after selling 156,495 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 1.48% of Spartan Motors worth $5,734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eqis Capital Management Inc. grew its holdings in shares of Spartan Motors by 16.4% during the second quarter. Eqis Capital Management Inc. now owns 17,871 shares of the company’s stock worth $158,000 after buying an additional 2,513 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Spartan Motors by 18.9% during the second quarter. Voya Investment Management LLC now owns 19,185 shares of the company’s stock worth $170,000 after buying an additional 3,049 shares during the last quarter. American International Group Inc. grew its holdings in shares of Spartan Motors by 7.0% during the first quarter. American International Group Inc. now owns 20,470 shares of the company’s stock worth $164,000 after buying an additional 1,346 shares during the last quarter. Alliancebernstein L.P. purchased a new position in shares of Spartan Motors during the second quarter worth about $208,000. Finally, Metropolitan Life Insurance Co. NY grew its holdings 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 worth $205,000 after buying an additional 2,776 shares during the last quarter. 64.75% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts recently issued reports on SPAR shares. Zacks Investment Research lowered Spartan Motors from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Craig Hallum set a $20.00 price target on Spartan Motors and gave the stock a “buy” rating in a report on Friday, October 13th. Roth Capital set a $12.00 price target on Spartan Motors and gave the stock a “buy” rating in a report on Tuesday, August 1st. BidaskClub lowered Spartan Motors from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, TheStreet lowered Spartan Motors from a “b-” rating to a “c+” rating in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Spartan Motors presently has an average rating of “Buy” and an average price target of $17.00.

Shares of Spartan Motors, Inc. (SPAR) opened at $15.10 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.70 and a quick ratio of 0.95. The company has a market cap of $530.06, a PE ratio of 41.94, a P/E/G ratio of 2.48 and a beta of 1.23. Spartan Motors, Inc. has a 12-month low of $6.30 and a 12-month high of $17.20.

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

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

Spartan Motors 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.

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

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