Nuveen Asset Management LLC Invests $122,000 in Spartan Motors Inc (SPAR) Stock

Nuveen Asset Management LLC purchased a new position in Spartan Motors Inc (NASDAQ:SPAR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,922 shares of the company’s stock, valued at approximately $122,000.

Several other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in Spartan Motors by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,780,875 shares of the company’s stock worth $41,018,000 after purchasing an additional 8,322 shares during the period. Vanguard Group Inc. lifted its holdings in Spartan Motors by 0.5% in the third quarter. Vanguard Group Inc. now owns 1,540,680 shares of the company’s stock worth $22,725,000 after purchasing an additional 7,844 shares during the period. Vanguard Group Inc lifted its holdings in Spartan Motors by 0.5% in the third quarter. Vanguard Group Inc now owns 1,540,680 shares of the company’s stock worth $22,725,000 after purchasing an additional 7,844 shares during the period. Royce & Associates LP lifted its holdings in Spartan Motors by 35.3% in the fourth quarter. Royce & Associates LP now owns 1,287,832 shares of the company’s stock worth $9,311,000 after purchasing an additional 335,873 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Spartan Motors by 4.3% in the third quarter. Renaissance Technologies LLC now owns 743,748 shares of the company’s stock worth $10,970,000 after purchasing an additional 30,695 shares during the period. Institutional investors and hedge funds own 68.00% of the company’s stock.

A number of equities research analysts have weighed in on the stock. BidaskClub raised shares of Spartan Motors from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Zacks Investment Research upgraded Spartan Motors from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.33.

Shares of SPAR traded up $0.02 during trading hours on Wednesday, reaching $9.27. The company’s stock had a trading volume of 75,933 shares, compared to its average volume of 148,812. The company has a market capitalization of $337.14 million, a price-to-earnings ratio of 19.31 and a beta of 1.39. Spartan Motors Inc has a 1-year low of $6.70 and a 1-year high of $19.45.

Spartan Motors (NASDAQ:SPAR) last issued its earnings results on Thursday, February 28th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. The company had revenue of $233.00 million for the quarter, compared to the consensus estimate of $217.90 million. Spartan Motors had a return on equity of 9.30% and a net margin of 1.84%. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. On average, equities analysts predict that Spartan Motors Inc will post 0.61 earnings per share for the current year.

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Spartan Motors Profile

Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, assembles, and sells specialty and heavy-duty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles.

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

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