Jane Street Group LLC trimmed its stake in shares of Oshkosh Co. (NYSE:OSK) by 39.3% in the 4th quarter, Holdings Channel reports. The firm owned 6,605 shares of the company’s stock after selling 4,269 shares during the period. Jane Street Group LLC’s holdings in Oshkosh were worth $600,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in OSK. Cerebellum GP LLC purchased a new position in shares of Oshkosh during the fourth quarter valued at approximately $130,000. Pitcairn Co. purchased a new position in shares of Oshkosh during the fourth quarter valued at approximately $202,000. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Oshkosh during the fourth quarter valued at approximately $203,000. Rothschild Investment Corp IL bought a new stake in Oshkosh during the fourth quarter valued at approximately $218,000. Finally, Essex Financial Services Inc. bought a new stake in Oshkosh during the fourth quarter valued at approximately $218,000. 91.87% of the stock is owned by hedge funds and other institutional investors.
OSK opened at $76.02 on Friday. The company has a market capitalization of $5,799.78, a price-to-earnings ratio of 17.89, a PEG ratio of 0.83 and a beta of 1.57. Oshkosh Co. has a 1-year low of $61.74 and a 1-year high of $100.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.86 and a quick ratio of 1.08.
Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.29. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.43 billion. Oshkosh had a net margin of 4.48% and a return on equity of 16.64%. The company’s revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. equities research analysts anticipate that Oshkosh Co. will post 5.33 earnings per share for the current fiscal year.
In other Oshkosh news, VP James C. Freeders sold 2,300 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $86.70, for a total value of $199,410.00. Following the completion of the transaction, the vice president now directly owns 1,786 shares in the company, valued at $154,846.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter B. Hamilton sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.21, for a total transaction of $130,815.00. Following the completion of the transaction, the director now owns 23,750 shares of the company’s stock, valued at $2,071,237.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,361 shares of company stock valued at $564,480. Company insiders own 2.00% of the company’s stock.
Several analysts recently issued reports on OSK shares. ValuEngine upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus boosted their target price on shares of Oshkosh from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, January 26th. KeyCorp restated a “buy” rating and set a $104.00 target price on shares of Oshkosh in a research report on Friday, January 26th. SunTrust Banks restated a “buy” rating on shares of Oshkosh in a research report on Friday, January 26th. Finally, Deutsche Bank upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Monday, March 19th. 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 company’s stock. Oshkosh has a consensus rating of “Buy” and an average target price of $93.00.
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Oshkosh Company Profile
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.
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