Short Interest in Oshkosh Corp (NYSE:OSK) Increases By 14.1%
Oshkosh Corp (NYSE:OSK) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,562,500 shares, a growth of 14.1% from the July 31st total of 2,245,700 shares. Based on an average daily trading volume, of 586,900 shares, the short-interest ratio is currently 4.4 days. Approximately 3.8% of the company’s stock are short sold.
Shares of OSK traded up $1.70 during mid-day trading on Friday, hitting $77.55. The company’s stock had a trading volume of 253,822 shares, compared to its average volume of 472,221. Oshkosh has a one year low of $51.42 and a one year high of $86.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.99. The firm has a market capitalization of $5.26 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.74 and a beta of 1.99. The stock’s 50-day moving average is $73.63 and its two-hundred day moving average is $77.62.
Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, August 1st. The company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.35. Oshkosh had a return on equity of 22.70% and a net margin of 7.04%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the business earned $2.20 earnings per share. Oshkosh’s revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts expect that Oshkosh will post 8.04 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Meadow Creek Investment Management LLC raised its stake in shares of Oshkosh by 11.6% in the second quarter. Meadow Creek Investment Management LLC now owns 36,160 shares of the company’s stock valued at $3,019,000 after purchasing an additional 3,760 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Oshkosh by 26.6% in the second quarter. Bessemer Group Inc. now owns 11,361 shares of the company’s stock valued at $949,000 after purchasing an additional 2,390 shares in the last quarter. BB&T Corp raised its stake in shares of Oshkosh by 1.8% in the second quarter. BB&T Corp now owns 54,226 shares of the company’s stock valued at $4,527,000 after purchasing an additional 964 shares in the last quarter. Corient Capital Partners LLC raised its stake in shares of Oshkosh by 7.4% in the first quarter. Corient Capital Partners LLC now owns 16,486 shares of the company’s stock valued at $1,238,000 after purchasing an additional 1,132 shares in the last quarter. Finally, KBC Group NV acquired a new position in shares of Oshkosh in the second quarter valued at $1,404,000. 90.28% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on the company. Citigroup decreased their target price on Oshkosh from $95.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Evercore ISI raised Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 target price for the company in a research report on Thursday, August 1st. Zacks Investment Research raised Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Thursday, July 11th. JPMorgan Chase & Co. raised Oshkosh from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $85.00 to $90.00 in a research report on Wednesday. Finally, Dougherty & Co assumed coverage on Oshkosh in a research report on Wednesday, August 28th. They set a “buy” rating and a $80.00 target price for the company. Four analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $84.00.
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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