Oshkosh Corp (NYSE:OSK) Short Interest Up 8.2% in May
Oshkosh Corp (NYSE:OSK) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,910,000 shares, an increase of 8.2% from the April 30th total of 2,690,000 shares. Based on an average trading volume of 785,400 shares, the short-interest ratio is currently 3.7 days. Currently, 4.3% of the company’s stock are short sold.
Shares of OSK stock traded down $0.27 during mid-day trading on Friday, reaching $65.66. The stock had a trading volume of 490,547 shares, compared to its average volume of 502,467. The firm’s 50 day simple moving average is $64.01 and its 200 day simple moving average is $79.01. The company has a quick ratio of 1.04, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. Oshkosh has a one year low of $46.72 and a one year high of $95.62. The firm has a market cap of $4.49 billion, a PE ratio of 9.41, a P/E/G ratio of 1.80 and a beta of 1.57.
Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $1.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.25. Oshkosh had a return on equity of 19.08% and a net margin of 6.02%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the company earned $1.82 EPS. The company’s quarterly revenue was down 9.7% on a year-over-year basis. Sell-side analysts forecast that Oshkosh will post 4.14 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Orion Portfolio Solutions LLC bought a new position in shares of Oshkosh during the 4th quarter worth approximately $32,000. Private Capital Group LLC lifted its position in shares of Oshkosh by 648.0% during the 1st quarter. Private Capital Group LLC now owns 561 shares of the company’s stock worth $36,000 after buying an additional 486 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Oshkosh during the 4th quarter worth approximately $47,000. First Mercantile Trust Co. lifted its position in shares of Oshkosh by 30.5% during the 4th quarter. First Mercantile Trust Co. now owns 547 shares of the company’s stock worth $52,000 after buying an additional 128 shares during the period. Finally, Chevy Chase Trust Holdings Inc. bought a new position in shares of Oshkosh during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 89.76% of the company’s stock.
A number of brokerages have recently commented on OSK. Morgan Stanley increased their price objective on Oshkosh from $89.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. ValuEngine lowered Oshkosh from a “hold” rating to a “sell” rating in a report on Friday, May 1st. Stifel Nicolaus increased their target price on Oshkosh from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. UBS Group decreased their target price on Oshkosh from $89.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Finally, Bank of America downgraded Oshkosh from a “buy” rating to a “neutral” rating and set a $66.00 target price for the company. in a research note on Monday, April 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $83.94.
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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