Oshkosh (OSK) Downgraded by Robert W. Baird
Oshkosh (NYSE:OSK) was downgraded by investment analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued on Friday, MarketBeat.com reports. They currently have a $90.00 price objective on the stock. Robert W. Baird’s price objective indicates a potential upside of 16.38% from the company’s current price.
A number of other analysts have also weighed in on the company. Evercore ISI raised Oshkosh from an “in-line” rating to an “outperform” rating in a research note on Friday, February 9th. ValuEngine raised Oshkosh from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus increased their price objective on Oshkosh from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, January 26th. KeyCorp reissued a “buy” rating and set a $104.00 price objective on shares of Oshkosh in a research note on Friday, January 26th. Finally, SunTrust Banks reissued a “buy” rating on shares of Oshkosh in a research note on Friday, January 26th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $93.43.
Shares of Oshkosh (NYSE:OSK) traded down $1.01 on Friday, reaching $77.33. The company’s stock had a trading volume of 1,521,220 shares, compared to its average volume of 1,078,056. The stock has a market capitalization of $5,770.67, a price-to-earnings ratio of 18.24, a P/E/G ratio of 0.82 and a beta of 1.61. 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 has a 1-year low of $61.74 and a 1-year high of $100.26.
In related news, VP James C. Freeders sold 2,300 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $86.70, for a total transaction of $199,410.00. Following the completion of the transaction, the vice president now owns 1,786 shares in the company, valued at $154,846.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Peter B. Hamilton sold 1,500 shares of the company’s 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 approximately $2,071,237.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,361 shares of company stock valued at $564,480. 2.00% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in OSK. BlackRock Inc. raised its holdings in shares of Oshkosh by 12.0% during the fourth quarter. BlackRock Inc. now owns 6,870,772 shares of the company’s stock valued at $624,485,000 after acquiring an additional 736,440 shares in the last quarter. Lodge Hill Capital LLC bought a new position in shares of Oshkosh during the fourth quarter valued at approximately $51,807,000. JPMorgan Chase & Co. raised its holdings in shares of Oshkosh by 18.4% during the third quarter. JPMorgan Chase & Co. now owns 2,742,675 shares of the company’s stock valued at $226,765,000 after acquiring an additional 426,359 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Oshkosh during the fourth quarter valued at approximately $31,006,000. Finally, Two Sigma Investments LP bought a new position in shares of Oshkosh during the fourth quarter valued at approximately $30,612,000. Institutional investors own 92.40% of the company’s stock.
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Oshkosh Corporation is a 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 and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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