Oshkosh (NYSE:OSK) Upgraded by Zacks Research to “Hold” Rating

Oshkosh (NYSE:OSK) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the company. Sanford C. Bernstein boosted their price target on Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. Wall Street Zen raised shares of Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a report on Thursday, January 22nd. Wells Fargo & Company lifted their price target on shares of Oshkosh from $168.00 to $204.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Finally, Argus reduced their target price on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $164.69.

Oshkosh Trading Down 3.4%

Shares of OSK stock opened at $154.61 on Thursday. The company has a market cap of $9.67 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.81 and a beta of 1.37. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. Oshkosh has a 12 month low of $76.82 and a 12 month high of $180.49. The business’s 50 day moving average is $156.83 and its two-hundred day moving average is $140.13.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $2.58 earnings per share. Equities analysts predict that Oshkosh will post 10.96 EPS for the current year.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the transaction, the senior vice president owned 13,577 shares in the company, valued at approximately $2,295,463.39. This represents a 22.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

Institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC raised its position in shares of Oshkosh by 80.8% in the fourth quarter. Hsbc Holdings PLC now owns 38,672 shares of the company’s stock valued at $4,870,000 after buying an additional 17,282 shares in the last quarter. Groupama Asset Managment raised its stake in Oshkosh by 1.7% in the fourth quarter. Groupama Asset Managment now owns 5,409 shares of the company’s stock valued at $680,000 after purchasing an additional 93 shares in the last quarter. Pacer Advisors Inc. lifted its position in Oshkosh by 1,845.7% during the fourth quarter. Pacer Advisors Inc. now owns 227,788 shares of the company’s stock worth $28,617,000 after purchasing an additional 216,081 shares during the period. Virtu Financial LLC bought a new stake in Oshkosh during the fourth quarter worth about $246,000. Finally, Invesco Ltd. grew its stake in Oshkosh by 20.4% during the fourth quarter. Invesco Ltd. now owns 1,777,735 shares of the company’s stock worth $223,337,000 after buying an additional 300,766 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.