Short Interest in Oshkosh Co. (NYSE:OSK) Decreases By 26.2%

Oshkosh Co. (NYSE:OSK) saw a significant decline in short interest in 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 shares of the stock are short sold. Based on an average trading volume of 519,200 shares, the short-interest ratio is currently 2.3 days.

Oshkosh Trading Down 0.9 %

Shares of OSK opened at $117.58 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $117.49 and a two-hundred day simple moving average of $107.07. The stock has a market capitalization of $7.71 billion, a P/E ratio of 11.25, a PEG ratio of 1.39 and a beta of 1.29. Oshkosh has a twelve month low of $72.09 and a twelve month high of $127.98.

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

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, May 10th. Oshkosh’s dividend payout ratio is currently 17.61%.

Insider Activity at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were 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 approximately $1,503,518.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.64% of the stock is owned by corporate insiders.

Institutional Trading of Oshkosh

Several large investors have recently bought and sold shares of the company. Valley National Advisers Inc. raised its position in shares of Oshkosh by 18.2% in the 1st quarter. Valley National Advisers Inc. now owns 623 shares of the company’s stock worth $77,000 after acquiring an additional 96 shares in the last quarter. State of Michigan Retirement System lifted its position in Oshkosh by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 15,708 shares of the company’s stock valued at $1,703,000 after buying an additional 100 shares during the period. Venturi Wealth Management LLC lifted its position in Oshkosh by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after buying an additional 111 shares during the period. Tributary Capital Management LLC boosted its holdings in shares of Oshkosh by 2.0% during the 4th quarter. Tributary Capital Management LLC now owns 6,957 shares of the company’s stock valued at $754,000 after buying an additional 135 shares in the last quarter. Finally, Atlas Capital Advisors LLC grew its position in shares of Oshkosh by 161.6% in 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 period. 92.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

OSK has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their target price on shares of Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Stifel Nicolaus lifted their price objective on shares of Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird increased their target price on Oshkosh from $140.00 to $158.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley began coverage on Oshkosh in a research report on Monday, January 8th. They set an “equal weight” rating and a $102.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on Oshkosh from $114.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.50.

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.