November 28, 2016 - By Nellie Frank
The Senior VP – Operations of Oshkosh Corp, Marek May has made a sudden sale in the stock exchange listed company that is with a grand total value of $670,620 USD. As stated in the Washington-based SEC legal document filed on 28/11/2016, Marek unloaded 9,616 shares which is calculated with stock price per share of $69.7. This is not his first insider trade, in the last month, he unloaded another 3,000 shares worth $190,740 USD. The probability of this sell remaining hidden is super low as it’s new, with the Senior VP – Operations now holding 7,868 shares — that is 0.01% of Oshkosh Corp’s total market capitalization.
Out of 17 analysts covering Oshkosh Corporation (NYSE:OSK), 10 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 59% are positive. $63 is the highest target while $26 is the lowest. The $48.92 average target is -29.51% below today’s ($69.4) stock price. Oshkosh Corporation has been the topic of 38 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Standpoint Research given on Friday, April 29. The stock has “Buy” rating given by Deutsche Bank on Monday, September 26. The firm has “Hold” rating given on Wednesday, August 26 by Standpoint Research. The firm has “Neutral” rating by Bank of America given on Thursday, November 17. The stock has “Hold” rating given by Drexel Hamilton on Wednesday, August 26. The rating was upgraded by Credit Suisse on Monday, September 26 to “Neutral”. The rating was initiated by SunTrust with “Neutral” on Tuesday, November 3. The firm has “Sell” rating given on Wednesday, August 26 by Bank of America. The stock of Oshkosh Corp (NYSE:OSK) earned “Hold” rating by Zacks on Tuesday, August 4. The firm has “Buy” rating given on Monday, September 26 by Stifel Nicolaus.
Insitutional Activity: The institutional sentiment decreased to 1.3 in 2016 Q2. Its down 0.15, from 1.45 in 2016Q1. The ratio turned negative, as 15 funds sold all Oshkosh Corp shares owned while 78 reduced positions. 52 funds bought stakes while 83 increased positions. They now own 69.13 million shares or 6.51% less from 73.95 million shares in 2016Q1.
Fifth Third Bankshares accumulated 1,233 shares or 0% of the stock. The Pennsylvania-based Vanguard Gp Inc has invested 0.02% in Oshkosh Corp (NYSE:OSK). Deprince Race & Zollo accumulated 810,846 shares or 0.78% of the stock. Lombardia Ptnrs Lc owns 336,681 shares or 1.06% of their US portfolio. Pax Management Limited holds 0.92% of its portfolio in Oshkosh Corp (NYSE:OSK) for 331,857 shares. Moreover, Wfg Advsrs L P has 0% invested in Oshkosh Corp (NYSE:OSK) for 10 shares. Cantab Prns Llp accumulated 11,005 shares or 0% of the stock. Alpha Windward Lc owns 660 shares or 0.02% of their US portfolio. Louisiana State Employees Retirement holds 0.05% of its portfolio in Oshkosh Corp (NYSE:OSK) for 19,500 shares. Thrivent Fincl For Lutherans holds 2.27M shares or 0.52% of its portfolio. The Michigan-based Asset Mgmt has invested 0.01% in Oshkosh Corp (NYSE:OSK). Bluestein R H And Com reported 5,000 shares or 0.02% of all its holdings. American Group holds 142,121 shares or 0% of its portfolio. One Association, a New York-based fund reported 5,424 shares. Barclays Plc, a United Kingdom-based fund reported 69,820 shares.
Insider Transactions: Since August 1, 2016, the stock had 0 insider purchases, and 28 insider sales for $14.15 million net activity. Fredericksen Gregory L had sold 14,333 shares worth $770,252. The insider Grennier R Scott sold 876 shares worth $53,164. Another trade for 17,334 shares valued at $951,090 was made by Moynihan Colleen R. on Monday, August 1. Shares for $161,190 were sold by May Marek W. On Monday, August 1 POLNASZEK THOMAS J sold $1.10 million worth of the stock or 20,351 shares. SIM RICHARD G sold $125,580 worth of Oshkosh Corp (NYSE:OSK) on Thursday, November 3. $981,000 worth of Oshkosh Corp (NYSE:OSK) was sold by KIMMITT JOSEPH H.
About 300,623 shares traded hands. Oshkosh Corp (NYSE:OSK) has risen 78.41% since April 25, 2016 and is uptrending. It has outperformed by 72.39% the S&P500.
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 $5.20 billion. The Company’s divisions are Access Equipment, Defense, Fire & Emergency, and Commercial. It has a 23.84 P/E ratio. The Access equipment segment offers aerial work platforms and telehandlers used in construction, agricultural, industrial, institutional and general maintenance applications.
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.”
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 $8.23 million for 157.68 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.
More notable recent Oshkosh Corp (NYSE:OSK) news were published by: Fool.com which released: “Why Oshkosh Corp Shares Dropped 10% Today” on September 23, 2016, also Jsonline.com with their article: “Oshkosh Corp. hosting job fair to hire 300 workers” published on July 20, 2016, Streetinsider.com published: “Two Board Members to Retire from Oshkosh Corp. (OSK); Board Size Cut to 12” on November 22, 2016. More interesting news about Oshkosh Corp (NYSE:OSK) were released by: Fox6now.com and their article: “Oshkosh Corp. receives $409 million order from U.S. Army” published on September 29, 2016 as well as Jsonline.com‘s news article titled: “Oshkosh Corp. profit rises 22% on military business” with publication date: November 01, 2016.
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.
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By Nellie Frank