We wouldn’t blame Oshkosh Corporation (NYSE:OSK) shareholders if they were a little worried about the fact that David Sagehorn, the Executive VP & CFO recently netted about US$1.8m selling shares at an average price of US$91.20. That’s a big dump, and it decreased their holding size by 12%, which is notable but not too bad.
Oshkosh Insider Transactions Over The Last Year
In fact, the recent sale by David Sagehorn was the biggest sale of Oshkosh shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$87.23. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn’t a major concern, though it’s hardly a good sign.
Oshkosh insiders didn’t buy any shares over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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Does Oshkosh Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 1.1% of Oshkosh shares, worth about US$64m. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Oshkosh Tell Us?
Insiders sold Oshkosh shares recently, but they didn’t buy any. And there weren’t any purchases to give us comfort, over the last year. On the plus side, Oshkosh makes money, and is growing profits. Insiders own shares, but we’re still pretty cautious, given the history of sales. So we’d only buy after careful consideration. Of course, the future is what matters most. So if you are interested in Oshkosh, you should check out this free report on analyst forecasts for the company.
Of course Oshkosh may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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