Sit Investment Associates Inc. lifted its position in shares of Oshkosh Corp (NYSE:OSK) by 38.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,715 shares of the company’s stock after purchasing an additional 9,625 shares during the quarter. Sit Investment Associates Inc.’s holdings in Oshkosh were worth $3,155,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC bought a new stake in shares of Oshkosh during the second quarter valued at approximately $7,006,000. Citigroup Inc. boosted its position in shares of Oshkosh by 270.2% during the second quarter. Citigroup Inc. now owns 52,729 shares of the company’s stock valued at $3,632,000 after purchasing an additional 38,484 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Oshkosh by 999.8% during the second quarter. Macquarie Group Ltd. now owns 313,099 shares of the company’s stock valued at $21,566,000 after purchasing an additional 284,631 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Oshkosh by 0.3% during the second quarter. Thrivent Financial For Lutherans now owns 1,947,210 shares of the company’s stock valued at $134,123,000 after purchasing an additional 6,350 shares in the last quarter. Finally, Prudential PLC boosted its position in shares of Oshkosh by 78.6% during the second quarter. Prudential PLC now owns 109,574 shares of the company’s stock valued at $7,547,000 after purchasing an additional 48,234 shares in the last quarter. Institutional investors own 93.96% of the company’s stock.
Several equities research analysts recently weighed in on the company. ValuEngine upgraded Oshkosh from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. SunTrust Banks boosted their target price on Oshkosh to $102.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 target price on shares of Oshkosh in a report on Wednesday, November 1st. Jefferies Group boosted their target price on Oshkosh from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. boosted their target price on Oshkosh from $80.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $93.77.
Shares of Oshkosh Corp (NYSE OSK) opened at $92.29 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.81 and a debt-to-equity ratio of 0.35. Oshkosh Corp has a 1-year low of $61.74 and a 1-year high of $94.16. The company has a market capitalization of $6,887.05, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84.
Oshkosh (NYSE:OSK) last released its earnings results on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.36. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.90 billion. Oshkosh had a return on equity of 15.14% and a net margin of 4.18%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. sell-side analysts anticipate that Oshkosh Corp will post 4.64 EPS for the current fiscal year.
In other news, insider Wilson R. Jones sold 40,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $85.14, for a total transaction of $3,405,600.00. Following the transaction, the insider now directly owns 159,859 shares of the company’s stock, valued at $13,610,395.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Colleen R. Moynihan sold 4,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $87.62, for a total value of $350,480.00. Following the transaction, the vice president now directly owns 7,347 shares in the company, valued at $643,744.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,153 shares of company stock worth $9,953,433. Corporate insiders own 2.00% of the company’s stock.
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Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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