Spartan Motors (NASDAQ: SPAR) is one of 30 public companies in the “Motor vehicles & car bodies” industry, but how does it weigh in compared to its rivals? We will compare Spartan Motors to similar businesses based on the strength of its profitability, valuation, institutional ownership, earnings, dividends, risk and analyst recommendations.
Spartan Motors pays an annual dividend of $0.10 per share and has a dividend yield of 0.6%. Spartan Motors pays out 23.3% of its earnings in the form of a dividend. As a group, “Motor vehicles & car bodies” companies pay a dividend yield of 1.4% and pay out 20.1% of their earnings in the form of a dividend. Spartan Motors lags its rivals as a dividend stock, given its lower dividend yield and higher payout ratio.
This table compares Spartan Motors and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Spartan Motors Competitors||-14.15%||-0.29%||-3.83%|
Earnings & Valuation
This table compares Spartan Motors and its rivals gross revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Spartan Motors||$707.10 million||$15.93 million||39.30|
|Spartan Motors Competitors||$63.61 billion||$2.64 billion||16.52|
Spartan Motors’ rivals have higher revenue and earnings than Spartan Motors. Spartan Motors is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
Insider and Institutional Ownership
66.4% of Spartan Motors shares are held by institutional investors. Comparatively, 65.8% of shares of all “Motor vehicles & car bodies” companies are held by institutional investors. 3.7% of Spartan Motors shares are held by company insiders. Comparatively, 8.5% of shares of all “Motor vehicles & car bodies” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Volatility and Risk
Spartan Motors has a beta of 0.69, meaning that its stock price is 31% less volatile than the S&P 500. Comparatively, Spartan Motors’ rivals have a beta of 1.00, meaning that their average stock price is 0% more volatile than the S&P 500.
This is a breakdown of recent ratings and price targets for Spartan Motors and its rivals, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Spartan Motors Competitors||442||1281||1639||110||2.41|
Spartan Motors currently has a consensus target price of $20.00, indicating a potential upside of 18.34%. As a group, “Motor vehicles & car bodies” companies have a potential upside of 8.55%. Given Spartan Motors’ stronger consensus rating and higher probable upside, equities analysts clearly believe Spartan Motors is more favorable than its rivals.
Spartan Motors beats its rivals on 8 of the 15 factors compared.
About Spartan Motors
Spartan Motors, Inc., through its subsidiaries, engineers, manufactures, and sells heavy-duty and purpose-built specialty 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. The Fleet Vehicles and Services segment provides walk-in vans, cutaway vans, truck bodies, and parts and accessories for use in e-commerce/last mile/parcel delivery, beverage and grocery delivery, mobile retail, and trades and construction industries under the Aeromaster, Velocity, Ultimate, Trademaster, Metromaster, Utilivan, Spartan Upfit Services, and Reach brands. This segment also installs specialty interior and exterior up-fit equipment for walk-in vans, truck bodies, and passenger vans under Specialty Up-fit name; and distributes related aftermarket parts and accessories. The Emergency Response Vehicles segment provides emergency response cabs and chassis, pumpers, aerial ladder components for fire trucks, rescue equipment, tankers, and parts and accessories under the Spartan, Smeal, Ladder Tower, and UST brands, as well as offers body, aerial, pump, drivetrain, and chassis repair and maintenance services. The Specialty Chassis and Vehicles segment offers motor home chassis; and defense and specialty chassis and vehicles, as well as provides related aftermarket parts and accessories, and maintenance and repair services. This segment also offers assembly services for Isuzu N-gas and F-series chassis. The company sells its products through a network of independent truck dealers, original equipment manufacturers, dealer distributors, leasing companies, and municipalities and other governmental entities, as well as to commercial and individual end users. Spartan Motors, Inc. was founded in 1975 and is headquartered in Charlotte, Michigan.
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