Oshkosh (OSK) Cut to Strong Sell at ValuEngine

ValuEngine cut shares of Oshkosh (NYSE:OSK) from a sell rating to a strong sell rating in a report released on Friday morning.

Other equities analysts also recently issued reports about the company. SunTrust Banks raised their price objective on Oshkosh to $110.00 and gave the stock a buy rating in a report on Friday, April 20th. Royal Bank of Canada restated a buy rating and issued a $98.00 price objective on shares of Oshkosh in a report on Wednesday, August 1st. Stifel Nicolaus cut their price objective on Oshkosh from $106.00 to $102.00 and set a buy rating on the stock in a report on Wednesday, August 1st. Zacks Investment Research upgraded Oshkosh from a hold rating to a buy rating and set a $80.00 price objective on the stock in a report on Sunday, July 15th. Finally, Longbow Research initiated coverage on Oshkosh in a report on Friday, July 13th. They issued a buy rating and a $88.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $92.15.

Oshkosh stock opened at $70.39 on Friday. The stock has a market capitalization of $5.27 billion, a PE ratio of 16.56, a PEG ratio of 0.66 and a beta of 1.51. The company has a current ratio of 1.88, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. Oshkosh has a 12 month low of $67.88 and a 12 month high of $100.26.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Tuesday, July 31st. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.18. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.16 billion. Oshkosh had a return on equity of 19.19% and a net margin of 5.44%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $1.84 EPS. equities analysts forecast that Oshkosh will post 6.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 30th. Investors of record on Thursday, August 16th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, August 15th. This represents a $0.96 annualized dividend and a dividend yield of 1.36%. Oshkosh’s payout ratio is currently 22.59%.

In related news, VP Marek W. May sold 7,180 shares of the firm’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $79.22, for a total transaction of $568,799.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Wilson R. Jones sold 47,000 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $72.02, for a total value of $3,384,940.00. Following the sale, the insider now owns 180,862 shares in the company, valued at $13,025,681.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,180 shares of company stock worth $7,346,740. Company insiders own 2.00% of the company’s stock.

Several large investors have recently made changes to their positions in OSK. Envestnet Asset Management Inc. increased its holdings in Oshkosh by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 62,404 shares of the company’s stock worth $4,389,000 after purchasing an additional 5,103 shares during the last quarter. Gabelli Funds LLC increased its holdings in Oshkosh by 136.4% during the 2nd quarter. Gabelli Funds LLC now owns 7,800 shares of the company’s stock worth $548,000 after purchasing an additional 4,500 shares during the last quarter. NumerixS Investment Technologies Inc increased its holdings in Oshkosh by 338.1% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 7,448 shares of the company’s stock worth $514,000 after purchasing an additional 5,748 shares during the last quarter. Federated Investors Inc. PA increased its holdings in Oshkosh by 14.3% during the 2nd quarter. Federated Investors Inc. PA now owns 29,336 shares of the company’s stock worth $2,063,000 after purchasing an additional 3,666 shares during the last quarter. Finally, FMR LLC increased its holdings in Oshkosh by 292.0% during the 2nd quarter. FMR LLC now owns 893,679 shares of the company’s stock worth $62,843,000 after purchasing an additional 665,690 shares during the last quarter. Institutional investors and hedge funds own 90.84% of the company’s stock.

Oshkosh Company Profile

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.

Read More: Stock Symbol

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Oshkosh (NYSE:OSK)

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