The EVP & Pres. Access Segment of Oshkosh Corp (NYSE: OSK) is Selling Shares

By Carrie Williams

Today, the EVP & Pres. Access Segment of Oshkosh Corp (NYSE: OSK), Frank Nerenhausen, sold shares of OSK for $273.3K.

In addition to Frank Nerenhausen, 2 other OSK executives reported Sell trades in the last month.

Based on Oshkosh Corp’s latest earnings report from June 30, the company posted quarterly revenue of $1.75B and quarterly net profit of $84.2M. In comparison, last year the company earned revenue of $1.58B and had a net profit of $50.3M. The company has a one year high of $57.75 and a one year low of $29.59. OSK’s market cap is $4.06B and the company has a P/E ratio of 19.01.

Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $58.86, reflecting a -4.6% downside. Three different firms, including Merrill Lynch and Credit Suisse, currently also have a Sell rating on the stock.

The insider sentiment on Oshkosh Corp has been negative according to 87 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Oshkosh Corp. designs, manufactures and markets a broad range of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment also includes Jerr-Dan-branded tow trucks and roll-back vehicle carriers sold to towing companies in the U.S. and abroad. The Defense segment manufactures and sells tactical trucks and supply parts to U.S. military and to other militaries around the world. The Fire & Emergency segment manufactures commercial and custom firefighting vehicles and equipment, aircraft rescue and firefighting vehicles, snow removal vehicles, simulators and other emergency vehicles primarily sold to fire departments, airports and other governmental units in the Americas and abroad, and broadcast vehicles sold to broadcasters and television stations in the Americas and abroad. The Commercial segment manufactures rear- and front-discharge concrete mixers, refuse collection vehicles, portable and stationary concrete batch plants and vehicle components. The company was founded in 1917 and is headquartered in Oshkosh, WI.