Oshkosh Co. (NYSE:OSK – Get Rating) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 2,540,000 shares, an increase of 38.8% from the March 15th total of 1,830,000 shares. Currently, 3.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 665,700 shares, the days-to-cover ratio is currently 3.8 days.
Shares of Oshkosh stock traded up $0.61 on Friday, hitting $97.47. The stock had a trading volume of 487,386 shares, compared to its average volume of 749,160. The company has a quick ratio of 1.46, a current ratio of 2.05 and a debt-to-equity ratio of 0.25. Oshkosh has a one year low of $93.06 and a one year high of $137.47. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 0.57 and a beta of 1.39. The stock’s 50-day simple moving average is $106.41 and its two-hundred day simple moving average is $109.78.
Oshkosh (NYSE:OSK – Get Rating) last issued its earnings results on Wednesday, January 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.10). Oshkosh had a return on equity of 10.32% and a net margin of 5.15%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the business posted $1.13 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, equities analysts predict that Oshkosh will post 6.3 EPS for the current fiscal year.
In other news, SVP Thomas P. Hawkins sold 3,500 shares of the stock in a transaction dated Monday, January 31st. The shares were sold at an average price of $112.47, for a total value of $393,645.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.64% of the company’s stock.
A number of hedge funds have recently made changes to their positions in OSK. National Bank of Canada FI purchased a new stake in Oshkosh in the fourth quarter worth $25,000. O Shaughnessy Asset Management LLC lifted its stake in Oshkosh by 373.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 341 shares of the company’s stock worth $35,000 after acquiring an additional 269 shares during the period. KRS Capital Management LLC purchased a new stake in Oshkosh in the fourth quarter worth $35,000. Evolution Wealth Advisors LLC lifted its stake in Oshkosh by 301.1% in the third quarter. Evolution Wealth Advisors LLC now owns 353 shares of the company’s stock worth $36,000 after acquiring an additional 265 shares during the period. Finally, JFS Wealth Advisors LLC purchased a new stake in Oshkosh in the third quarter worth $43,000. 96.47% of the stock is owned by institutional investors.
Several research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Oshkosh in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Bank of America cut shares of Oshkosh from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Friday, January 7th. Wells Fargo & Company initiated coverage on shares of Oshkosh in a research report on Friday, March 11th. They set an “equal weight” rating and a $117.00 price target on the stock. Raymond James increased their price target on shares of Oshkosh from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, January 13th. Finally, Robert W. Baird cut shares of Oshkosh from an “outperform” rating to a “neutral” rating and set a $92.00 price target on the stock. in a research report on Friday, April 8th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $126.40.
Oshkosh Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Oshkosh (OSK)
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