Oshkosh (NYSE:OSK) Cut to "Hold" at StockNews.com

Oshkosh (NYSE:OSK - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

OSK has been the topic of a number of other reports. TheStreet upgraded shares of Oshkosh from a "c" rating to a "b-" rating in a research note on Tuesday, January 30th. Truist Financial boosted their price target on shares of Oshkosh from $121.00 to $132.00 and gave the stock a "hold" rating in a research note on Friday. Wells Fargo & Company boosted their price target on shares of Oshkosh from $114.00 to $122.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 31st. UBS Group boosted their price target on shares of Oshkosh from $117.00 to $129.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. Finally, Morgan Stanley began coverage on shares of Oshkosh in a research note on Monday, January 8th. They set an "equal weight" rating and a $102.00 price target on the stock. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $123.50.

Oshkosh Trading Down 0.9 %

OSK traded down $1.11 on Friday, hitting $117.58. The company had a trading volume of 965,198 shares, compared to its average volume of 507,017. The firm has a market cap of $7.71 billion, a P/E ratio of 12.95, a PEG ratio of 1.54 and a beta of 1.29. Oshkosh has a 1 year low of $72.09 and a 1 year high of $127.98. The company's fifty day moving average price is $117.49 and its 200 day moving average price is $107.07. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.63. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. Oshkosh's revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.59 EPS. As a group, equities analysts expect that Oshkosh will post 10.33 earnings per share for the current year.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the transaction, the senior vice president now directly owns 13,499 shares of the company's stock, valued at $1,503,518.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Oshkosh by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 7,130,466 shares of the company's stock valued at $773,014,000 after acquiring an additional 219,375 shares during the period. Greenhaven Associates Inc. boosted its holdings in shares of Oshkosh by 0.5% in the fourth quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company's stock valued at $267,750,000 after acquiring an additional 11,100 shares during the period. LSV Asset Management boosted its holdings in shares of Oshkosh by 410.6% in the fourth quarter. LSV Asset Management now owns 1,848,390 shares of the company's stock valued at $200,384,000 after acquiring an additional 1,486,402 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Oshkosh by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company's stock valued at $189,473,000 after acquiring an additional 122,786 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Oshkosh by 2.0% in the third quarter. Invesco Ltd. now owns 857,911 shares of the company's stock valued at $81,870,000 after acquiring an additional 16,919 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.

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