Worth Watching: Do Institutional Investors Love Oshkosh Corp (NYSE:OSK)?

December 1, 2016 - By Peter Erickson   ·   0 Comments

Worth Watching: Do Institutional Investors Love Oshkosh Corp (NYSE:OSK)?

Sentiment for Oshkosh Corp (NYSE:OSK)

Oshkosh Corp (NYSE:OSK) institutional sentiment decreased to 1.3 in 2016 Q2. Its down -0.15, from 1.45 in 2016Q1. The ratio fall, as 135 active investment managers opened new and increased stock positions, while 93 sold and trimmed stakes in Oshkosh Corp. The active investment managers in our partner’s database now possess: 69.13 million shares, down from 73.95 million shares in 2016Q1. Also, the number of active investment managers holding Oshkosh Corp in their top 10 stock positions increased from 1 to 2 for an increase of 1. Sold All: 15 Reduced: 78 Increased: 83 New Position: 52.

Oshkosh Corporation is a designer, manufacturer and marketer of a range of specialty vehicles and vehicle bodies, including access equipment, defense trucks and trailers, fire and emergency vehicles, concrete mixers and refuse collection vehicles. The company has a market cap of $5.25 billion. The Company’s divisions are Access Equipment, Defense, Fire & Emergency, and Commercial. It has a 24.04 P/E ratio. The Access equipment segment offers aerial work platforms and telehandlers used in construction, agricultural, industrial, institutional and general maintenance applications.

The stock increased 0.44% or $0.31 during the last trading session, hitting $70. Oshkosh Corp (NYSE:OSK) has risen 47.80% since April 28, 2016 and is uptrending. It has outperformed by 41.88% the S&P500.

Analysts await Oshkosh Corp (NYSE:OSK) to report earnings on January, 26 before the open. They expect $0.11 earnings per share, down 42.11% or $0.08 from last year’s $0.19 per share. OSK’s profit will be $8.25 million for 159.09 P/E if the $0.11 EPS becomes a reality. After $1.05 actual earnings per share reported by Oshkosh Corp for the previous quarter, Wall Street now forecasts -89.52% negative EPS growth.

According to Zacks Investment Research, “Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh, JLG, Pierce, McNeilus, Medtec, Jerr-Dan, BAI, Oshkosh Specialty Vehicles, Frontline, SMIT, Geesink, Norba, Kiggen, Con-E-Co, London and IMT. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount.”

True Bearing Asset Management Lp holds 4.04% of its portfolio in Oshkosh Corp for 16,051 shares. 1492 Capital Management Llc owns 70,980 shares or 3.04% of their US portfolio. Moreover, Aristotle Capital Management Llc has 2.16% invested in the company for 4.18 million shares. The New York-based Olstein Capital Management L.P. has invested 1.31% in the stock. Lombardia Capital Partners Llc, a California-based fund reported 336,681 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 29 selling transactions for $14.83 million net activity.

Oshkosh Corp (NYSE:OSK) Ratings Coverage

Ratings analysis reveals 59% of Oshkosh Corporation’s analysts are positive. Out of 17 Wall Street analysts rating Oshkosh Corporation, 10 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $26 while the high is $63. The stock’s average target of $48.92 is -30.11% below today’s ($70) share price. OSK was included in 38 notes of analysts from July 22, 2015. As per Monday, August 3, the company rating was maintained by RBC Capital Markets. The firm earned “Neutral” rating on Monday, September 26 by Credit Suisse. Bank of America maintained it with “Sell” rating and $30 target price in Wednesday, August 26 report. The rating was initiated by Suntrust Robinson on Tuesday, November 3 with “Neutral”. The rating was initiated by Deutsche Bank with “Buy” on Wednesday, September 7. The stock of Oshkosh Corp (NYSE:OSK) has “Overweight” rating given on Monday, September 26 by JP Morgan. The stock of Oshkosh Corp (NYSE:OSK) earned “Neutral” rating by Macquarie Research on Monday, May 23. Jefferies upgraded the shares of OSK in a report on Thursday, August 27 to “Buy” rating. The firm earned “Outperform” rating on Friday, July 29 by RBC Capital Markets. The rating was maintained by Stifel Nicolaus on Monday, September 26 with “Buy”.

OSK Company Profile

Oshkosh Corporation, incorporated on January 31, 1930, is a designer, maker and marketer of a range of specialty vehicles and vehicle bodies, including access equipment, defense trucks and trailers, fire and emergency vehicles, concrete mixers and refuse collection vehicles. The Company’s divisions include Access Equipment, Defense, Fire & Emergency, and Commercial. The Firm makes aircraft rescue and firefighting (ARFF) and airport snow removal vehicles under the brand name Oshkosh. The Firm makes rear-and front-discharge concrete mixers and portable and stationary concrete batch plants under McNeilus, Oshkosh, London and CON-E-CO brands. Under the IMT brand name, the Company makes field service vehicles and truck-mounted cranes. Under the Frontline brand name, the Company makes and markets broadcast vehicles.

More recent Oshkosh Corp (NYSE:OSK) news were published by: Jsonline.com which released: “Oshkosh Corp. hosting job fair to hire 300 workers” on July 20, 2016. Also Fox6now.com published the news titled: “Oshkosh Corp. receives $409 million order from U.S. Army” on September 29, 2016. Jsonline.com‘s news article titled: “Oshkosh Corp. profit rises 22% on military business” with publication date: November 01, 2016 was also an interesting one.

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By Peter Erickson


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