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Diesel pusher chassis supplier Spartan Motors Corp. completed the repurchase of 558,000 shares of its own stock, the company announced today.

Spartan paid an average of $4.19 a share to buy-back its stock on the open market.

Spartan’s board has authorized the repurchase of up to 2 million shares and company President John Sztykiel said it will continue buying back its own stock.

Two million shares represents 16% of Spartan’s total outstanding shares.

Spartan shares closed unchanged today at 4 1/16 in Nasdaq Stock Market trading.