Oshkosh Truck (OSK) Holder First Financial Bank – Trust Division Has Decreased Its Stake; As Laboratory Of America Holdings (LH) Valuation Rose, Veritas Investment Management Llp Increased Holding

May 19, 2018 - By Clifton Ray

Laboratory Corporation of America Holdings (NYSE:LH) Logo

First Financial Bank – Trust Division decreased its stake in Oshkosh Truck Corp (OSK) by 20.05% based on its latest 2017Q4 regulatory filing with the SEC. First Financial Bank – Trust Division sold 12,330 shares as the company’s stock declined 15.70% with the market. The institutional investor held 49,171 shares of the auto manufacturing company at the end of 2017Q4, valued at $4.47M, down from 61,501 at the end of the previous reported quarter. First Financial Bank – Trust Division who had been investing in Oshkosh Truck Corp for a number of months, seems to be less bullish one the $5.71B market cap company. The stock increased 0.94% or $0.72 during the last trading session, reaching $77.2. About 539,502 shares traded. Oshkosh Corporation (NYSE:OSK) has risen 14.93% since May 19, 2017 and is uptrending. It has outperformed by 3.38% the S&P500.

Veritas Investment Management Llp increased its stake in Laboratory Corp Of America Holdings (LH) by 8.04% based on its latest 2017Q4 regulatory filing with the SEC. Veritas Investment Management Llp bought 22,893 shares as the company’s stock rose 1.25% while stock markets declined. The institutional investor held 307,591 shares of the medical specialities company at the end of 2017Q4, valued at $49.07M, up from 284,698 at the end of the previous reported quarter. Veritas Investment Management Llp who had been investing in Laboratory Corp Of America Holdings for a number of months, seems to be bullish on the $18.03 billion market cap company. The stock decreased 0.05% or $0.09 during the last trading session, reaching $176.21. About 1.22M shares traded or 74.13% up from the average. Laboratory Corporation of America Holdings (NYSE:LH) has risen 14.17% since May 19, 2017 and is uptrending. It has outperformed by 2.62% the S&P500.

Among 20 analysts covering Laboratory Corp (NYSE:LH), 14 have Buy rating, 0 Sell and 6 Hold. Therefore 70% are positive. Laboratory Corp had 65 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was reinitiated by Goldman Sachs on Monday, January 29 with “Buy”. Mizuho maintained the stock with “Neutral” rating in Thursday, September 15 report. Deutsche Bank maintained Laboratory Corporation of America Holdings (NYSE:LH) on Thursday, October 26 with “Buy” rating. The firm earned “Hold” rating on Thursday, February 8 by Robert W. Baird. Barclays Capital maintained it with “Overweight” rating and $190 target in Thursday, October 26 report. Jefferies maintained Laboratory Corporation of America Holdings (NYSE:LH) on Friday, November 24 with “Hold” rating. The firm earned “Hold” rating on Friday, December 1 by Mizuho. Craig Hallum maintained the stock with “Buy” rating in Wednesday, February 7 report. The rating was maintained by Mizuho on Tuesday, February 6 with “Hold”. The firm has “Buy” rating given on Monday, September 4 by Piper Jaffray.

Investors sentiment increased to 1.2 in Q4 2017. Its up 0.30, from 0.9 in 2017Q3. It increased, as 36 investors sold LH shares while 209 reduced holdings. 73 funds opened positions while 220 raised stakes. 91.47 million shares or 0.35% less from 91.79 million shares in 2017Q3 were reported. Empyrean Cap Prtn Lp stated it has 4.33% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Utd Asset Strategies has 0.94% invested in Laboratory Corporation of America Holdings (NYSE:LH). Tradition Capital Mngmt Limited Liability reported 15,654 shares stake. Toronto Dominion Bancorporation reported 43,849 shares stake. Bessemer has 0.67% invested in Laboratory Corporation of America Holdings (NYSE:LH) for 1.08M shares. Fisher Asset Mngmt Ltd Company invested in 0.01% or 61,395 shares. Clarivest Asset Management Llc owns 285,581 shares. Pennsylvania-based Bryn Mawr Tru Com has invested 0.28% in Laboratory Corporation of America Holdings (NYSE:LH). Institute For Wealth Mgmt Ltd holds 1,377 shares or 0.05% of its portfolio. Ngam LP reported 23,063 shares. 7,069 were reported by Old National Bank & Trust In. Ghp Inv Advisors stated it has 0.29% in Laboratory Corporation of America Holdings (NYSE:LH). Geode Capital Mgmt holds 0.06% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH) for 1.12M shares. 164,300 are owned by Polar Asset Mngmt Ptnrs. New York-based Highbridge Capital Mngmt Limited Co has invested 0% in Laboratory Corporation of America Holdings (NYSE:LH).

More recent Laboratory Corporation of America Holdings (NYSE:LH) news were published by: Streetinsider.com which released: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” on May 15, 2018. Also Benzinga.com published the news titled: “Lab Stocks: Baird Favors Laboratory Corp., Says Quest Diagnostics Is The Simple Choice” on May 01, 2018. Seekingalpha.com‘s news article titled: “Laboratory of America Holdings (LH) Q1 2018 Results – Earnings Call Transcript” with publication date: April 25, 2018 was also an interesting one.

Since February 7, 2018, it had 0 insider buys, and 5 selling transactions for $18.70 million activity. The insider KING DAVID P sold $8.30M. $548,124 worth of Laboratory Corporation of America Holdings (NYSE:LH) was sold by ANDERSON KERRII B. The insider EISENBERG GLENN A sold 8,400 shares worth $1.41 million.

Veritas Investment Management Llp, which manages about $722.58M US Long portfolio, decreased its stake in Northern Trust Corp (NASDAQ:NTRS) by 6,444 shares to 46,056 shares, valued at $4.60M in 2017Q4, according to the filing. It also reduced its holding in Mastercard Inc (NYSE:MA) by 24,037 shares in the quarter, leaving it with 389,030 shares, and cut its stake in Unitedhealth Group Inc (NYSE:UNH).

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.50, from 1.57 in 2017Q3. It turned negative, as 27 investors sold OSK shares while 127 reduced holdings. 69 funds opened positions while 96 raised stakes. 66.57 million shares or 3.23% less from 68.79 million shares in 2017Q3 were reported. Aristotle Mgmt Lc reported 4.62 million shares stake. M&T Bankshares owns 8,339 shares for 0% of their portfolio. Alliancebernstein LP reported 0.23% stake. 40,370 are owned by Sg Americas Securities Ltd Liability Company. Meeder Asset Incorporated reported 0% of its portfolio in Oshkosh Corporation (NYSE:OSK). Shelton Capital Management reported 0.03% of its portfolio in Oshkosh Corporation (NYSE:OSK). Wright Ser stated it has 9,844 shares. Raymond James Svcs Advisors reported 15,046 shares. Tudor Invest Et Al owns 25,306 shares or 0.06% of their US portfolio. Friess Assocs Lc invested 1.91% of its portfolio in Oshkosh Corporation (NYSE:OSK). Moreover, Los Angeles Cap Mgmt And Equity Research Incorporated has 0.01% invested in Oshkosh Corporation (NYSE:OSK) for 19,380 shares. Ajo Lp holds 0.21% of its portfolio in Oshkosh Corporation (NYSE:OSK) for 528,135 shares. Weiss Multi stated it has 11,000 shares. Pennsylvania-based Vantage Inv Advisors Lc has invested 0% in Oshkosh Corporation (NYSE:OSK). Panagora Asset Mgmt invested in 83,083 shares or 0.03% of the stock.

Analysts await Oshkosh Corporation (NYSE:OSK) to report earnings on August, 1. They expect $2.01 earnings per share, up 9.24% or $0.17 from last year’s $1.84 per share. OSK’s profit will be $148.59 million for 9.60 P/E if the $2.01 EPS becomes a reality. After $1.54 actual earnings per share reported by Oshkosh Corporation for the previous quarter, Wall Street now forecasts 30.52% EPS growth.

More recent Oshkosh Corporation (NYSE:OSK) news were published by: Investorplace.com which released: “Buy These 5 Low Leverage Stocks to Strengthen Your Portfolio” on May 18, 2018. Also Seekingalpha.com published the news titled: “Oshkosh Is Best Avoided” on April 30, 2018. Streetinsider.com‘s news article titled: “Oshkosh Corp. (OSK) Appoints General Raymond Odierno to the Board of Directors” with publication date: May 09, 2018 was also an interesting one.

First Financial Bank – Trust Division, which manages about $606.39 million US Long portfolio, upped its stake in Ishares (IWM) by 13,857 shares to 274,265 shares, valued at $41.81 million in 2017Q4, according to the filing. It also increased its holding in S&P 500 Depositary Receipts (SPY) by 3,460 shares in the quarter, for a total of 100,450 shares, and has risen its stake in Intel (NASDAQ:INTC).

Oshkosh Corporation (NYSE:OSK) Institutional Positions Chart

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