Oshkosh (OSK) Upgraded to “Sell” at ValuEngine

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

OSK has been the subject of several other research reports. Deutsche Bank set a $77.00 price target on shares of Oshkosh and gave the stock a hold rating in a research report on Wednesday, September 5th. SunTrust Banks upped their price target on shares of Oshkosh to $96.00 and gave the stock a buy rating in a research report on Friday, November 2nd. Zacks Investment Research downgraded shares of Oshkosh from a buy rating to a hold rating in a research report on Wednesday, October 3rd. Royal Bank of Canada restated a buy rating and set a $98.00 price target on shares of Oshkosh in a research report on Wednesday, August 1st. Finally, Bank of America reduced their price target on shares of Oshkosh from $84.00 to $77.00 and set a neutral rating for the company in a research report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Oshkosh has an average rating of Hold and a consensus price target of $86.17.

OSK opened at $67.54 on Friday. Oshkosh has a twelve month low of $51.42 and a twelve month high of $100.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.93 and a quick ratio of 1.21. The stock has a market cap of $4.82 billion, a P/E ratio of 10.62, a P/E/G ratio of 0.65 and a beta of 1.71.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, November 1st. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.35. Oshkosh had a net margin of 6.12% and a return on equity of 19.93%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm earned $1.38 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that Oshkosh will post 7.07 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 19th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.60%. The ex-dividend date is Friday, November 16th. This is a boost from Oshkosh’s previous quarterly dividend of $0.24. Oshkosh’s dividend payout ratio is currently 16.98%.

In other Oshkosh news, SVP Tina R. Schoner acquired 630 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was bought at an average price of $66.78 per share, with a total value of $42,071.40. Following the purchase, the senior vice president now owns 630 shares in the company, valued at $42,071.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in OSK. FMR LLC grew its stake in shares of Oshkosh by 75.0% in the 3rd quarter. FMR LLC now owns 1,563,930 shares of the company’s stock valued at $111,414,000 after buying an additional 670,251 shares during the period. BlackRock Inc. grew its stake in shares of Oshkosh by 9.9% in the 3rd quarter. BlackRock Inc. now owns 7,216,221 shares of the company’s stock valued at $514,083,000 after buying an additional 652,069 shares during the period. Renaissance Technologies LLC grew its stake in shares of Oshkosh by 931.2% in the 3rd quarter. Renaissance Technologies LLC now owns 304,200 shares of the company’s stock valued at $21,671,000 after buying an additional 274,700 shares during the period. Hallmark Capital Management Inc. purchased a new stake in shares of Oshkosh in the 2nd quarter valued at approximately $15,167,000. Finally, First Trust Advisors LP grew its stake in shares of Oshkosh by 112.0% in the 3rd quarter. First Trust Advisors LP now owns 370,276 shares of the company’s stock valued at $26,378,000 after buying an additional 195,596 shares during the period. 89.35% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for Oshkosh (NYSE:OSK)

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