Bearish Options Activity on Oshkosh Corp After Worse Fundamentals

 Bearish Options Activity on Oshkosh Corp After Worse Fundamentals

In today’s session Oshkosh Corp (OSK) recorded an unusually high (849) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious OSK decrease. With 849 contracts traded and 3224 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: OSK161118P00050000 closed last at: $1.15 or 0% . About 804,516 shares traded hands. Oshkosh Corp (NYSE:OSK) has risen 33.35% since March 31, 2016 and is uptrending. It has outperformed by 30.83% the S&P500.

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. Oshkosh Corporation has been the topic of 37 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, April 29 by Citigroup. Barrington Research maintained the stock with “Outperform” rating in Friday, July 29 report. The company was initiated on Tuesday, November 3 by Suntrust Robinson. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, July 29 report. The stock of Oshkosh Corp (NYSE:OSK) earned “Neutral” rating by Macquarie Research on Monday, May 23. The firm has “Hold” rating by Zacks given on Tuesday, August 4. JP Morgan upgraded Oshkosh Corp (NYSE:OSK) on Monday, September 26 to “Overweight” rating. On Tuesday, November 3 the stock rating was initiated by SunTrust with “Neutral”. As per Friday, July 29, the company rating was upgraded by RBC Capital Markets. On Wednesday, August 26 the stock rating was upgraded by Drexel Hamilton to “Hold”.

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 2016 Q2. 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.
Checchi Cap Advisers Limited Liability Co has invested 0.01% of its portfolio in Oshkosh Corp (NYSE:OSK). Ahl Prns Limited Liability Partnership has 12,741 shares for 0.03% of their US portfolio. Ameritas Investment Prns owns 11,601 shares or 0.04% of their US portfolio. State Treasurer State Of Michigan owns 29,400 shares or 0.01% of their US portfolio. Victory Capital accumulated 1,804 shares or 0% of the stock. Fdx Advsr has 0.01% invested in the company for 6,812 shares. Blackrock Investment Management Limited Co has 216,196 shares for 0.01% of their US portfolio. Blackrock Institutional Trust Na accumulated 0.02% or 2.21M shares. Mairs & Power Incorporated last reported 188,140 shares in the company. Moreover, Wfg Advisors L P has 0% invested in Oshkosh Corp (NYSE:OSK) for 10 shares. Legal General Grp Public Ltd Company has invested 0% of its portfolio in Oshkosh Corp (NYSE:OSK). Deroy Devereaux Private Inv Counsel last reported 0.05% of its portfolio in the stock. Envestnet Asset Mgmt Incorporated, a Illinois-based fund reported 30,044 shares. Oregon Pub Employees Retirement Fund has invested 0.04% of its portfolio in Oshkosh Corp (NYSE:OSK). The Connecticut-based Massmutual Trust Fsb Adv has invested 0% in Oshkosh Corp (NYSE:OSK).

Insider Transactions: Since May 3, 2016, the stock had 0 insider buys, and 16 insider sales for $7.62 million net activity. Another trade for 18,000 shares valued at $981,000 was made by KIMMITT JOSEPH H on Monday, August 1. Another trade for 2,000 shares valued at $110,160 was sold by Jones Wilson R. 20,351 shares were sold by POLNASZEK THOMAS J, worth $1.10M. Shares for $347,974 were sold by Grennier R Scott on Tuesday, August 2. The insider May Marek W. sold $79,066. Moynihan Colleen R. sold $951,090 worth of Oshkosh Corp (NYSE:OSK) on Monday, August 1. Another trade for 2,000 shares valued at $106,700 was made by Radue Mark M on Tuesday, August 2.

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 $4.15 billion. The Company’s divisions are Access Equipment, Defense, Fire & Emergency, and Commercial. It has a 20.24 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 notable recent Oshkosh Corp (NYSE:OSK) news were published by: Businesswire.com which released: “Oshkosh Corporation to Present at Baird’s 2016 Industrial Conference” on October 26, 2016, also Fool.com with their article: “Why Oshkosh Corp Shares Dropped 10% Today” published on September 23, 2016, Jsonline.com published: “Oshkosh Corp. hosting job fair to hire 300 workers” on July 20, 2016. More interesting news about Oshkosh Corp (NYSE:OSK) were released by: Bizjournals.com and their article: “Oshkosh Corp. receives $409 million order from U.S. Army” published on September 29, 2016 as well as Bizjournals.com‘s news article titled: “Oshkosh Corp. receives $42M U.S. Army order” with publication date: September 26, 2016.

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