Zacks Investment Research lowered shares of Oshkosh (NYSE:OSK) from a buy rating to a hold rating in a research report sent to investors on Thursday, March 15th.
According to Zacks, “Oshkosh Corporation is a leading manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment and fire & emergency. The company designs and builds the world’s toughest specialty trucks and truck bodies and access equipment by working shoulder-to-shoulder with the people who use them. . The Company is a leader in designing, manufacturing and servicing a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies under the brands of Oshkosh, JLG, Pierce, McNeilus, Jerr-Dan, Frontline, CON-E-CO, London and IMT. Oshkosh Corporation has manufacturing operations in eight U.S. states and in Australia, Belgium, Canada, China, France, Mexico and Romania and through investments in joint ventures in Mexico and Brazil. The company currently employs approximately 13,000 people worldwide. “
OSK has been the subject of several other research reports. SunTrust Banks upped their price target on shares of Oshkosh to $102.00 and gave the company a buy rating in a research report on Wednesday, January 10th. Morgan Stanley initiated coverage on shares of Oshkosh in a research report on Friday, March 2nd. They set an equal weight rating and a $86.00 price target for the company. Robert W. Baird lowered shares of Oshkosh from an outperform rating to a neutral rating and set a $90.00 price target for the company. in a research report on Friday, March 2nd. ValuEngine raised shares of Oshkosh from a hold rating to a buy rating in a research report on Sunday, December 31st. Finally, Stifel Nicolaus increased their target price on shares of Oshkosh from $100.00 to $106.00 and gave the stock a buy rating in a report on Friday, January 26th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Oshkosh presently has an average rating of Buy and an average price target of $93.00.
OSK traded down $3.03 during midday trading on Thursday, hitting $76.02. 326,228 shares of the company traded hands, compared to its average volume of 659,424. Oshkosh has a 52 week low of $61.74 and a 52 week high of $100.26. The stock has a market capitalization of $5,672.92, a P/E ratio of 17.89, a P/E/G ratio of 0.81 and a beta of 1.57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.86.
Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 25th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.29. Oshkosh had a net margin of 4.48% and a return on equity of 16.64%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. research analysts forecast that Oshkosh will post 5.33 EPS for the current fiscal year.
In other Oshkosh news, Director Leslie F. Kenne sold 1,061 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $90.82, for a total transaction of $96,360.02. Following the completion of the sale, the director now directly owns 25,320 shares of the company’s stock, valued at approximately $2,299,562.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Peter B. Hamilton sold 1,500 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $87.21, for a total value of $130,815.00. Following the transaction, the director now owns 23,750 shares of the company’s stock, valued at $2,071,237.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,361 shares of company stock valued at $564,480. Insiders own 2.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its position in shares of Oshkosh by 11.0% during the 3rd quarter. Prudential Financial Inc. now owns 1,211,995 shares of the company’s stock valued at $100,038,000 after acquiring an additional 120,420 shares during the last quarter. Sigma Planning Corp bought a new position in shares of Oshkosh during the 4th quarter valued at approximately $1,884,000. Bain Capital Public Equity Management LLC bought a new position in shares of Oshkosh during the 4th quarter valued at approximately $12,731,000. Parametric Portfolio Associates LLC boosted its position in shares of Oshkosh by 2.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 369,459 shares of the company’s stock valued at $30,495,000 after acquiring an additional 7,378 shares during the last quarter. Finally, Davis R M Inc. boosted its position in shares of Oshkosh by 0.8% during the 4th quarter. Davis R M Inc. now owns 438,319 shares of the company’s stock valued at $39,839,000 after acquiring an additional 3,526 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.
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Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.
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