Oshkosh Co. (NYSE:OSK) Short Interest Update

Oshkosh Co. (NYSE:OSK - Get Free Report) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,210,000 shares, a decline of 26.2% from the March 31st total of 1,640,000 shares. Approximately 1.9% of the company's shares are short sold. Based on an average daily volume of 519,200 shares, the short-interest ratio is currently 2.3 days.

Analysts Set New Price Targets

OSK has been the subject of a number of analyst reports. TheStreet raised shares of Oshkosh from a "c" rating to a "b-" rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. boosted their price target on shares of Oshkosh from $120.00 to $130.00 and gave the company a "neutral" rating in a report on Tuesday, April 16th. Robert W. Baird boosted their price target on shares of Oshkosh from $140.00 to $158.00 and gave the company an "outperform" rating in a report on Friday. DA Davidson raised shares of Oshkosh from a "neutral" rating to a "buy" rating and boosted their price target for the company from $122.00 to $130.00 in a report on Friday, March 1st. Finally, Citigroup boosted their price target on shares of Oshkosh from $115.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $123.50.

Insider Buying and Selling

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the sale, the senior vice president now owns 13,499 shares of the company's stock, valued at approximately $1,503,518.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oshkosh

A number of large investors have recently modified their holdings of OSK. Atlas Capital Advisors LLC boosted its stake in shares of Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company's stock worth $28,000 after buying an additional 139 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in Oshkosh in the 3rd quarter valued at about $32,000. Rise Advisors LLC lifted its stake in Oshkosh by 215.5% in the 1st quarter. Rise Advisors LLC now owns 265 shares of the company's stock valued at $33,000 after purchasing an additional 181 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Oshkosh by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company's stock valued at $34,000 after purchasing an additional 111 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Oshkosh in the 4th quarter valued at about $42,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Down 0.9 %

OSK stock traded down $1.03 during trading hours on Friday, reaching $117.66. 965,211 shares of the stock were exchanged, compared to its average volume of 410,834. The firm's 50-day moving average is $117.49 and its 200-day moving average is $107.16. Oshkosh has a 12 month low of $72.09 and a 12 month high of $127.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.39 and a beta of 1.29.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the business posted $1.59 EPS. The company's quarterly revenue was up 12.2% on a year-over-year basis. On average, equities research analysts expect that Oshkosh will post 11.25 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. Oshkosh's dividend payout ratio is 17.61%.

Oshkosh Company Profile

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.