Meadow Creek Investment Management LLC decreased its stake in Oshkosh Corp (NYSE:OSK) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,128 shares of the company’s stock after selling 2,256 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Oshkosh were worth $1,829,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in shares of Oshkosh by 4.0% in the 4th quarter. Bank of Montreal Can now owns 14,226 shares of the company’s stock worth $1,293,000 after purchasing an additional 550 shares during the period. Itau Unibanco Holding S.A. boosted its holdings in shares of Oshkosh by 11.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 6,442 shares of the company’s stock worth $586,000 after purchasing an additional 646 shares during the period. HPM Partners LLC boosted its holdings in shares of Oshkosh by 10.7% in the 4th quarter. HPM Partners LLC now owns 7,336 shares of the company’s stock worth $667,000 after purchasing an additional 710 shares during the period. Profund Advisors LLC boosted its holdings in shares of Oshkosh by 9.5% in the 4th quarter. Profund Advisors LLC now owns 9,109 shares of the company’s stock worth $828,000 after purchasing an additional 791 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of Oshkosh by 6.0% in the 4th quarter. Amalgamated Bank now owns 15,069 shares of the company’s stock worth $1,370,000 after purchasing an additional 859 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.
In other Oshkosh news, Director Leslie F. Kenne sold 1,061 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $90.82, for a total value of $96,360.02. Following the completion of the sale, the director now directly owns 25,320 shares in the company, valued at approximately $2,299,562.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Duncan Palmer sold 1,500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $91.93, for a total value of $137,895.00. Following the completion of the sale, the director now owns 23,095 shares of the company’s stock, valued at $2,123,123.35. The disclosure for this sale can be found here. Insiders sold a total of 6,361 shares of company stock valued at $564,480 over the last quarter. Company insiders own 1.60% of the company’s stock.
OSK has been the subject of a number of recent research reports. ValuEngine upgraded Oshkosh from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. SunTrust Banks boosted their price objective on Oshkosh to $102.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. KeyCorp restated a “buy” rating and set a $104.00 price objective on shares of Oshkosh in a report on Friday, January 26th. Stifel Nicolaus boosted their price objective on Oshkosh from $100.00 to $106.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Evercore ISI upgraded Oshkosh from an “in-line” rating to an “outperform” rating in a report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Oshkosh presently has a consensus rating of “Buy” and a consensus price target of $93.43.
Oshkosh stock opened at $79.32 on Monday. Oshkosh Corp has a 1-year low of $61.74 and a 1-year high of $100.26. The stock has a market capitalization of $5,919.18, a price-to-earnings ratio of 18.71, a P/E/G ratio of 0.85 and a beta of 1.61. The company has a current ratio of 1.86, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35.
Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, January 25th. The company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.29. Oshkosh had a return on equity of 16.64% and a net margin of 4.48%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. equities analysts expect that Oshkosh Corp will post 5.33 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Monday, February 12th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, February 9th. Oshkosh’s dividend payout ratio is 22.64%.
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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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