Oshkosh Corp Can’t Burn Your Long Portfolio. Option Traders are Bullish

 Oshkosh Corp Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session Oshkosh Corp (OSK) registered an unusually high (2,111) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious OSK increase. With 2,111 contracts traded and 23354 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: OSK161021C00055000 closed last at: $2.2 or 25.7% up. About 85,979 shares traded hands. Oshkosh Corp (NYSE:OSK) has risen 50.48% since March 4, 2016 and is uptrending. It has outperformed by 42.44% the S&P500.

Analysts await Oshkosh Corp (NYSE:OSK) to report earnings on November, 1. They expect $0.66 earnings per share, down 1.49% or $0.01 from last year’s $0.67 per share. OSK’s profit will be $48.39 million for 21.08 P/E if the $0.66 EPS becomes a reality. After $1.13 actual earnings per share reported by Oshkosh Corp for the previous quarter, Wall Street now forecasts -41.59% negative EPS growth.

Oshkosh Corp (NYSE:OSK) Ratings Coverage

Out of 17 analysts covering Oshkosh Corporation (NYSE:OSK), 11 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 65% are positive. $63 is the highest target while $26 is the lowest. The $48.92 average target is -12.09% below today’s ($55.65) stock price. Oshkosh Corporation has been the topic of 37 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Tuesday, November 3 the stock rating was initiated by SunTrust with “Neutral”. The stock of Oshkosh Corp (NYSE:OSK) has “Buy” rating given on Monday, September 26 by Deutsche Bank. The firm has “Hold” rating given on Tuesday, August 4 by Zacks. On Friday, January 29 the stock rating was upgraded by Suntrust Robinson to “Buy”. Credit Suisse upgraded the stock to “Neutral” rating in Monday, September 26 report. The stock of Oshkosh Corp (NYSE:OSK) earned “Buy” rating by Stifel Nicolaus on Monday, September 26. As per Monday, May 23, the company rating was initiated by Macquarie Research. The stock has “Buy” rating given by Jefferies on Thursday, August 27. Bank of America maintained the stock with “Sell” rating in Wednesday, August 26 report. RBC Capital Markets upgraded Oshkosh Corp (NYSE:OSK) rating on Friday, July 29. RBC Capital Markets has “Outperform” rating and $63 price target.

According to Zacks Investment Research, “Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh, JLG, Pierce, McNeilus, Medtec, Jerr-Dan, BAI, Oshkosh Specialty Vehicles, Frontline, SMIT, Geesink, Norba, Kiggen, Con-E-Co, London and IMT. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount.”

Insitutional Activity: The institutional sentiment increased to 1.45 in Q2 2016. Its up 0.57, from 0.88 in 2016Q1. The ratio is positive, as 15 funds sold all Oshkosh Corp shares owned while 78 reduced positions. 52 funds bought stakes while 83 increased positions. They now own 69.13 million shares or 6.51% less from 73.95 million shares in 2016Q1.
The New Jersey-based Kcg has invested 0.01% in Oshkosh Corp (NYSE:OSK). Rhumbline Advisers accumulated 119,309 shares or 0.02% of the stock. Savings Bank Of Montreal Can holds 0% of its portfolio in Oshkosh Corp (NYSE:OSK) for 13,345 shares. Boston Advisors last reported 121,510 shares in the company. Whittier Trust Company Of Nevada holds 153 shares or 0% of its portfolio. Capital Investors accumulated 0.07% or 4.11M shares. Schwab Charles Investment holds 291,372 shares or 0.02% of its portfolio. Voya Inv Mgmt Ltd Liability Company has 23,879 shares for 0% of their US portfolio. Asset Mngmt accumulated 1,900 shares or 0% of the stock. Nationwide Fund Advsr last reported 0.04% of its portfolio in the stock. Vanguard holds 0.02% of its portfolio in Oshkosh Corp (NYSE:OSK) for 5.31M shares. Retirement Of Alabama reported 94,640 shares or 0.03% of all its holdings. Pacad Invest Ltd, a British Columbia – Canada-based fund reported 6,800 shares. Sei Invs holds 0.01% or 35,614 shares in its portfolio. Zacks Invest Management last reported 0.03% of its portfolio in the stock.

Insider Transactions: Since May 3, 2016, the stock had 0 insider buys, and 17 insider sales for $7.70 million net activity. Grennier R Scott sold 6,430 shares worth $347,974. Radue Mark M sold $106,700 worth of stock. Shares for $161,190 were sold by May Marek W.. Jones Wilson R had sold 2,000 shares worth $110,160. $770,252 worth of Oshkosh Corp (NYSE:OSK) was sold by Fredericksen Gregory L. The insider SIM RICHARD G sold $359,723. DONNELLY RICHARD M also sold $40,851 worth of Oshkosh Corp (NYSE:OSK) on Friday, May 20.

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 has a market cap of $4.08 billion. The Company’s divisions are Access Equipment, Defense, Fire & Emergency, and Commercial. It has a 20.3 P/E ratio. The Access equipment segment offers aerial work platforms and telehandlers used in construction, agricultural, industrial, institutional and general maintenance applications.

OSK Company Profile

Oshkosh Corporation, incorporated on January 31, 1930, is a designer, maker 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 divisions include Access Equipment, Defense, Fire & Emergency, and Commercial. The Firm makes aircraft rescue and firefighting (ARFF) and airport snow removal vehicles under the brand name Oshkosh. The Firm makes rear-and front-discharge concrete mixers and portable and stationary concrete batch plants under McNeilus, Oshkosh, London and CON-E-CO brands. Under the IMT brand name, the Company makes field service vehicles and truck-mounted cranes. Under the Frontline brand name, the Company makes and markets broadcast vehicles.

More important recent Oshkosh Corp (NYSE:OSK) news were published by: Bizjournals.com which released: “Oshkosh Corp. receives $42M U.S. Army order” on September 26, 2016, also Fool.com published article titled: “Why Oshkosh Corp Shares Dropped 10% Today”, Bizjournals.com published: “Oshkosh Corp. receives $409 million order from U.S. Army” on September 29, 2016. More interesting news about Oshkosh Corp (NYSE:OSK) was released by: Fool.com and their article: “Why Shares of Oshkosh Corp. Popped 15.5% in July” with publication date: August 09, 2016.

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