1492 Capital Management Lowers stake in Oshkosh Corp (OSK)

Oshkosh Corp (OSK) : 1492 Capital Management reduced its stake in Oshkosh Corp by 0.55% during the most recent quarter end. The investment management company now holds a total of 70,980 shares of Oshkosh Corp which is valued at $3,759,101 after selling 389 shares in Oshkosh Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Oshkosh Corp makes up approximately 3.10% of 1492 Capital Management’s portfolio.

Other Hedge Funds, Including , Citadel Advisors added OSK to its portfolio by purchasing 152,635 company shares during the most recent quarter which is valued at $8,083,550. Oshkosh Corp makes up approx 0.02% of Citadel Advisors’s portfolio. Convergence Investment Partners added OSK to its portfolio by purchasing 12,493 company shares during the most recent quarter which is valued at $661,629. Oshkosh Corp makes up approx 0.09% of Convergence Investment Partners’s portfolio.Cetera Advisor Networks reduced its stake in OSK by selling 605 shares or 8.04% in the most recent quarter. The Hedge Fund company now holds 6,920 shares of OSK which is valued at $366,483. Oshkosh Corp makes up approx 0.02% of Cetera Advisor Networks’s portfolio.Capital Analysts boosted its stake in OSK in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 607 shares of Oshkosh Corp which is valued at $29,136. Oshkosh Corp makes up approx 0.01% of Capital Analysts’s portfolio.

Oshkosh Corp closed down -0.19 points or -0.35% at $54.25 with 5,78,000 shares getting traded on Monday. Post opening the session at $54.45, the shares hit an intraday low of $54.15 and an intraday high of $54.83 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Oshkosh Corp reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.99. The company had revenue of $1747.50 million for the quarter, compared to analysts expectations of $1608.78 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS.

Many Wall Street Analysts have commented on Oshkosh Corp. Oshkosh Corp was Upgraded by BofA/Merrill to ” Buy” on Aug 18, 2016. Company shares were Upgraded by RBC Capital Mkts on Jul 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 63 from a previous price target of $46 .Company shares were Reiterated by Stifel on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 63 from a previous price target of $53 .

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’s segments are Access Equipment Defense Fire & Emergency and Commercial. The Access equipment segment offers aerial work platforms and telehandlers used in construction agricultural industrial institutional and general maintenance applications. The Defense segment offers tactical trucks trailers and supply parts and services sold to the United States military. The Fire & emergency segment offers custom and commercial firefighting vehicles and equipment aircraft rescue and firefighting (ARFF) vehicles snow removal vehicles simulators and other emergency vehicles. The Commercial segment offers concrete mixers refuse collection vehicles portable and stationary concrete batch plants and vehicle components.

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