Oshkosh Corp (OSK) Position Cut by Huntington National Bank

Huntington National Bank lessened its stake in Oshkosh Corp (NYSE:OSK) by 15.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,319 shares of the company’s stock after selling 235 shares during the quarter. Huntington National Bank’s holdings in Oshkosh were worth $99,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in OSK. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Oshkosh during the 4th quarter valued at about $26,000. Oregon Public Employees Retirement Fund boosted its position in shares of Oshkosh by 6,031.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,790,926 shares of the company’s stock valued at $29,000 after purchasing an additional 1,761,717 shares in the last quarter. Capital Investment Advisory Services LLC bought a new position in shares of Oshkosh during the 4th quarter valued at about $35,000. Advisory Services Network LLC boosted its position in shares of Oshkosh by 85.1% during the 4th quarter. Advisory Services Network LLC now owns 731 shares of the company’s stock valued at $45,000 after purchasing an additional 336 shares in the last quarter. Finally, Executive Wealth Management LLC bought a new position in shares of Oshkosh during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 89.58% of the company’s stock.

OSK stock opened at $81.72 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.99 and a debt-to-equity ratio of 0.34. Oshkosh Corp has a one year low of $51.42 and a one year high of $82.48. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 0.95 and a beta of 1.93.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, January 30th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.67. Oshkosh had a net margin of 6.62% and a return on equity of 21.83%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was up 13.7% on a year-over-year basis. Sell-side analysts predict that Oshkosh Corp will post 7.47 EPS for the current year.

Several research firms have recently weighed in on OSK. Zacks Investment Research upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Friday, February 1st. restated a “sell” rating on shares of Oshkosh in a research report on Wednesday, February 13th. restated a “sell” rating on shares of Oshkosh in a research report on Wednesday, February 13th. ValuEngine upgraded shares of Oshkosh from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Finally, Bank of America upgraded shares of Oshkosh from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Thursday, January 31st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Oshkosh presently has a consensus rating of “Hold” and a consensus price target of $83.83.

In other news, VP R Scott Grennier sold 3,784 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $80.67, for a total value of $305,255.28. Following the completion of the sale, the vice president now directly owns 4,780 shares of the company’s stock, valued at $385,602.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David M. Sagehorn sold 29,200 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $79.20, for a total transaction of $2,312,640.00. Following the completion of the sale, the vice president now directly owns 166,310 shares of the company’s stock, valued at $13,171,752. The disclosure for this sale can be found here. Insiders have sold 85,928 shares of company stock valued at $6,771,979 over the last ninety days. Insiders own 1.90% of the company’s stock.

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Oshkosh 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.

Further Reading: Strangles

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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