Insider Selling: Oshkosh Corp (OSK) EVP Sells $393,500.00 in Stock
Oshkosh Corp (NYSE:OSK) EVP Frank R. Nerenhausen sold 5,000 shares of the stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $78.70, for a total value of $393,500.00. Following the sale, the executive vice president now directly owns 50,288 shares in the company, valued at $3,957,665.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NYSE:OSK opened at $78.76 on Friday. Oshkosh Corp has a 52 week low of $51.42 and a 52 week high of $87.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.12 and a current ratio of 1.99. The stock has a market cap of $5.52 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 0.93 and a beta of 1.94.
Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, January 30th. The company reported $1.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.67. Oshkosh had a return on equity of 21.83% and a net margin of 6.62%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm earned $0.84 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, analysts expect that Oshkosh Corp will post 7.48 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its holdings in Oshkosh by 2.0% in the 4th quarter. State of Alaska Department of Revenue now owns 7,726 shares of the company’s stock worth $473,000 after buying an additional 149 shares during the last quarter. JOYN Advisors Inc. boosted its holdings in Oshkosh by 18.2% in the 4th quarter. JOYN Advisors Inc. now owns 993 shares of the company’s stock worth $61,000 after buying an additional 153 shares during the last quarter. Wright Investors Service Inc. boosted its holdings in Oshkosh by 5.8% in the 4th quarter. Wright Investors Service Inc. now owns 3,276 shares of the company’s stock worth $201,000 after buying an additional 180 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in Oshkosh by 9.8% in the 4th quarter. First Mercantile Trust Co. now owns 3,470 shares of the company’s stock worth $213,000 after buying an additional 310 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Oshkosh by 85.1% in the 4th quarter. Advisory Services Network LLC now owns 731 shares of the company’s stock worth $45,000 after buying an additional 336 shares during the last quarter. Institutional investors own 94.61% of the company’s stock.
Several equities research analysts have weighed in on OSK shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $82.00 price target on shares of Oshkosh in a research report on Monday, January 7th. JPMorgan Chase & Co. upgraded Oshkosh from a “neutral” rating to an “overweight” rating and set a $80.00 target price on the stock in a research report on Thursday, January 10th. SunTrust Banks raised their target price on Oshkosh to $96.00 and gave the company a “buy” rating in a research report on Friday, November 2nd. Goldman Sachs Group cut Oshkosh from a “neutral” rating to a “sell” rating and dropped their target price for the company from $66.00 to $58.00 in a research report on Monday, December 10th. Finally, Bank of America upgraded Oshkosh from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Thursday, January 31st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. Oshkosh presently has an average rating of “Hold” and a consensus target price of $84.43.
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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 services; and chassis and service parts sales.
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