Oshkosh (NYSE:OSK) Upgraded to “Neutral” at Goldman Sachs Group

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Goldman Sachs Group upgraded shares of Oshkosh (NYSE:OSK) from a sell rating to a neutral rating in a report released on Friday, Benzinga’s Daily Ratings Newsletter reports. The firm currently has $90.00 price objective on the stock, up from their previous price objective of $66.00.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Oshkosh from a neutral rating to an overweight rating and upped their price objective for the company from $85.00 to $90.00 in a research report on Wednesday, September 11th. Robert W. Baird raised shares of Oshkosh from a neutral rating to an outperform rating and upped their target price for the stock from $74.00 to $101.00 in a research note on Thursday, October 24th. Longbow Research lowered shares of Oshkosh from a buy rating to a neutral rating in a research note on Thursday, October 31st. They noted that the move was a valuation call. Zacks Investment Research raised shares of Oshkosh from a hold rating to a buy rating and set a $88.00 target price for the company in a research note on Thursday, July 11th. Finally, Citigroup reduced their target price on shares of Oshkosh from $95.00 to $88.00 and set a buy rating for the company in a research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $88.50.

Shares of OSK traded up $1.24 during trading hours on Friday, reaching $90.07. The stock had a trading volume of 485,541 shares, compared to its average volume of 625,651. The company has a quick ratio of 1.24, a current ratio of 1.96 and a debt-to-equity ratio of 0.32. Oshkosh has a 52 week low of $56.47 and a 52 week high of $90.84. The firm has a 50-day moving average of $78.18 and a 200 day moving average of $77.70. The company has a market cap of $6.14 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.91 and a beta of 1.99.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $2.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.29. Oshkosh had a net margin of 6.91% and a return on equity of 23.21%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the company earned $1.80 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities analysts expect that Oshkosh will post 7.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $0.30 dividend. The ex-dividend date is Friday, November 15th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 1.33%. Oshkosh’s dividend payout ratio is presently 13.00%.

In other news, CEO Wilson R. Jones sold 19,400 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $86.53, for a total transaction of $1,678,682.00. Following the completion of the transaction, the chief executive officer now directly owns 209,401 shares in the company, valued at approximately $18,119,468.53. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP James W. Johnson sold 3,800 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $89.23, for a total transaction of $339,074.00. Following the transaction, the vice president now owns 48,264 shares of the company’s stock, valued at $4,306,596.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,000 shares of company stock valued at $5,644,322. Company insiders own 1.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Oshkosh by 8.8% during the 2nd quarter. BlackRock Inc. now owns 6,823,696 shares of the company’s stock worth $569,711,000 after buying an additional 549,796 shares during the last quarter. Vanguard Group Inc. lifted its stake in Oshkosh by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,622,346 shares of the company’s stock valued at $552,900,000 after purchasing an additional 59,234 shares during the last quarter. AQR Capital Management LLC lifted its stake in Oshkosh by 47.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,999,373 shares of the company’s stock valued at $166,128,000 after purchasing an additional 639,237 shares during the last quarter. Prudential Financial Inc. lifted its stake in Oshkosh by 95.6% in the 2nd quarter. Prudential Financial Inc. now owns 1,775,463 shares of the company’s stock valued at $148,234,000 after purchasing an additional 867,889 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in Oshkosh by 7.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,485,753 shares of the company’s stock valued at $112,766,000 after purchasing an additional 109,185 shares during the last quarter. Institutional investors own 90.44% of the company’s stock.

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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Analyst Recommendations for Oshkosh (NYSE:OSK)

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