Jane Street Group LLC acquired a new position in Oshkosh Corp (NYSE:OSK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,874 shares of the company’s stock, valued at approximately $272,000.
Other institutional investors have also added to or reduced their stakes in the company. Sawtooth Solutions LLC acquired a new stake in Oshkosh during the 2nd quarter valued at $202,000. Trexquant Investment LP acquired a new stake in Oshkosh during the 2nd quarter valued at $218,000. Meeder Asset Management Inc. grew its holdings in Oshkosh by 229.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,470 shares of the company’s stock valued at $244,000 after purchasing an additional 2,416 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Oshkosh by 49.9% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,138 shares of the company’s stock valued at $318,000 after purchasing an additional 1,378 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Oshkosh during the 2nd quarter valued at $296,000. 89.42% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on OSK shares. Zacks Investment Research lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday, June 30th. Longbow Research started coverage on shares of Oshkosh in a report on Friday, July 13th. They set a “buy” rating and a $88.00 price target for the company. KeyCorp lowered their price target on shares of Oshkosh from $104.00 to $88.00 and set an “overweight” rating for the company in a report on Wednesday, August 1st. Stifel Nicolaus lowered their price target on shares of Oshkosh from $106.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, August 1st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $98.00 price target on shares of Oshkosh in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $89.14.
Shares of OSK stock opened at $58.56 on Friday. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 0.52 and a beta of 1.48. The company has a quick ratio of 1.16, a current ratio of 1.88 and a debt-to-equity ratio of 0.34. Oshkosh Corp has a 1-year low of $58.24 and a 1-year high of $100.26.
Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $2.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.18. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.16 billion. Oshkosh had a net margin of 5.44% and a return on equity of 19.19%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $1.84 EPS. Equities analysts forecast that Oshkosh Corp will post 6.03 earnings per share for the current fiscal year.
In other Oshkosh news, 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 transaction of $3,384,940.00. Following the completion of the transaction, the insider now directly owns 180,862 shares of the company’s stock, valued at approximately $13,025,681.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $3,393,000.00. Following the transaction, the vice president now directly owns 179,097 shares of the company’s stock, valued at $13,503,913.80. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.
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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