American Assets Investment Management Lowers stake in Oshkosh Corp (OSK)

Oshkosh Corp (OSK) : American Assets Investment Management reduced its stake in Oshkosh Corp by 6.19% during the most recent quarter end. The investment management company now holds a total of 71,040 shares of Oshkosh Corp which is valued at $3,762,278 after selling 4,690 shares in Oshkosh Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Oshkosh Corp makes up approximately 0.89% of American Assets Investment Management’s portfolio.

Other Hedge Funds, Including , Cantab Capital Partners Llp added OSK to its portfolio by purchasing 11,005 company shares during the most recent quarter which is valued at $582,825. Oshkosh Corp makes up approx 0.14% of Cantab Capital Partners Llp’s portfolio.Profund Advisors boosted its stake in OSK in the latest quarter, The investment management firm added 2,977 additional shares and now holds a total of 14,963 shares of Oshkosh Corp which is valued at $792,440. Oshkosh Corp makes up approx 0.04% of Profund Advisors’s portfolio.Sii Investments Incwi boosted its stake in OSK in the latest quarter, The investment management firm added 1,142 additional shares and now holds a total of 12,707 shares of Oshkosh Corp which is valued at $684,526. Oshkosh Corp makes up approx 0.05% of Sii Investments Incwi’s portfolio.Denver Investment Advisors boosted its stake in OSK in the latest quarter, The investment management firm added 1,742 additional shares and now holds a total of 18,287 shares of Oshkosh Corp which is valued at $975,611. Oshkosh Corp makes up approx 0.04% of Denver Investment Advisors’s portfolio.Lasalle Street Capital Management boosted its stake in OSK in the latest quarter, The investment management firm added 146 additional shares and now holds a total of 13,301 shares of Oshkosh Corp which is valued at $633,793. Oshkosh Corp makes up approx 0.59% of Lasalle Street Capital Management’s portfolio.

Oshkosh Corp opened for trading at $53.99 and hit $54.105 on the upside on Thursday, eventually ending the session at $54.01, with a gain of 0.15% or 0.08 points. The heightened volatility saw the trading volume jump to 3,77,494 shares. Company has a market cap of $3,969 M.

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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