Oshkosh Co. (NYSE:OSK) Short Interest Update

Oshkosh Co. (NYSE:OSKGet Free Report) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 937,100 shares, a decrease of 22.6% from the April 15th total of 1,210,000 shares. Based on an average trading volume of 503,100 shares, the short-interest ratio is presently 1.9 days. Approximately 1.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atlas Capital Advisors LLC raised its stake in Oshkosh by 161.6% in the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 139 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Oshkosh during the 1st quarter worth approximately $31,000. Rise Advisors LLC increased its stake in Oshkosh by 215.5% in the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after acquiring an additional 181 shares during the last quarter. Venturi Wealth Management LLC raised 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 purchasing an additional 111 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of Oshkosh in the 4th quarter valued at $42,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on OSK shares. The Goldman Sachs Group increased their target price on Oshkosh from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. increased their target price on Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. TheStreet raised Oshkosh from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. UBS Group upped their price target on Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Citigroup upped their price target on Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.50.

Get Our Latest Analysis on Oshkosh

Oshkosh Stock Performance

OSK stock traded up $2.92 during trading hours on Friday, hitting $121.63. 571,638 shares of the stock were exchanged, compared to its average volume of 485,421. Oshkosh has a 12 month low of $72.09 and a 12 month high of $127.98. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $7.95 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.28 and a beta of 1.30. The company has a 50-day simple moving average of $118.87 and a two-hundred day simple moving average of $108.82.

Oshkosh (NYSE:OSKGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. Oshkosh’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $1.59 earnings per share. On average, analysts forecast that Oshkosh will post 11.16 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a yield of 1.51%. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

About Oshkosh

(Get Free Report)

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.

See Also

Receive News & Ratings for Oshkosh Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh and related companies with MarketBeat.com's FREE daily email newsletter.