Banco de Sabadell S.A lessened its stake in shares of Oshkosh Corp (NYSE:OSK) by 13.5% during the second quarter, HoldingsChannel.com reports. The fund owned 8,014 shares of the company’s stock after selling 1,251 shares during the period. Banco de Sabadell S.A’s holdings in Oshkosh were worth $558,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC bought a new position in Oshkosh during the 1st quarter worth $105,000. Optimum Investment Advisors bought a new position in Oshkosh during the 1st quarter worth $106,000. Cornerstone Wealth Management LLC bought a new position in Oshkosh during the 2nd quarter worth $200,000. Sawtooth Solutions LLC bought a new position in Oshkosh during the 2nd quarter worth $202,000. Finally, Trexquant Investment LP bought a new position in Oshkosh during the 2nd quarter worth $218,000. Hedge funds and other institutional investors own 89.45% of the company’s stock.
OSK has been the topic of a number of recent research reports. ValuEngine lowered Oshkosh from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. Bank of America lowered their price objective on Oshkosh from $84.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, August 17th. Buckingham Research initiated coverage on Oshkosh in a research note on Tuesday, August 28th. They set a “neutral” rating and a $76.00 price objective on the stock. Zacks Investment Research lowered Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, June 30th. Finally, Longbow Research initiated coverage on Oshkosh in a research note on Friday, July 13th. They set a “buy” rating and a $88.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Oshkosh presently has an average rating of “Hold” and an average price target of $89.87.
In other Oshkosh news, VP David M. Sagehorn sold 45,000 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $75.40, for a total value of $3,393,000.00. Following the sale, the vice president now owns 179,097 shares of the company’s stock, valued at approximately $13,503,913.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Wilson R. Jones sold 47,000 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $72.02, for a total value of $3,384,940.00. Following the completion of the sale, the insider now directly owns 180,862 shares in the company, valued at approximately $13,025,681.24. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Shares of OSK stock opened at $72.95 on Friday. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 0.65 and a beta of 1.50. Oshkosh Corp has a fifty-two week low of $66.77 and a fifty-two week high of $100.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.88.
Oshkosh (NYSE:OSK) last issued its earnings results on Tuesday, July 31st. The company reported $2.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.18. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.16 billion. Oshkosh had a return on equity of 19.19% and a net margin of 5.44%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 EPS. analysts forecast that Oshkosh Corp will post 6.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 30th. Shareholders of record on Thursday, August 16th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Wednesday, August 15th. Oshkosh’s dividend payout ratio is presently 22.59%.
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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