Dynamic Technology Lab Private Ltd grew its holdings in Oshkosh Corp (NYSE:OSK) by 195.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,323 shares of the company’s stock after acquiring an additional 18,079 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Oshkosh were worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Arizona State Retirement System boosted its position in shares of Oshkosh by 1.6% in the second quarter. Arizona State Retirement System now owns 51,320 shares of the company’s stock valued at $3,609,000 after acquiring an additional 813 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Oshkosh by 12.5% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,920 shares of the company’s stock valued at $564,000 after acquiring an additional 880 shares during the period. Aperio Group LLC boosted its position in shares of Oshkosh by 2.4% in the third quarter. Aperio Group LLC now owns 38,368 shares of the company’s stock valued at $2,733,000 after acquiring an additional 902 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Oshkosh by 3.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 29,045 shares of the company’s stock valued at $2,042,000 after acquiring an additional 981 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in shares of Oshkosh by 29.9% in the third quarter. Meeder Asset Management Inc. now owns 4,509 shares of the company’s stock valued at $322,000 after acquiring an additional 1,039 shares during the period. 88.57% of the stock is owned by institutional investors.
Shares of OSK stock opened at $68.09 on Friday. The firm has a market capitalization of $4.90 billion, a P/E ratio of 10.71, a PEG ratio of 0.66 and a beta of 1.78. Oshkosh Corp has a one year low of $51.42 and a one year high of $100.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.93 and a quick ratio of 1.21.
Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, November 1st. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.45 by $0.35. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Oshkosh had a return on equity of 19.93% and a net margin of 6.12%. Oshkosh’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $1.38 earnings per share. As a group, sell-side analysts predict that Oshkosh Corp will post 7.07 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Monday, November 19th were paid a dividend of $0.27 per share. This is a positive change from Oshkosh’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Friday, November 16th. Oshkosh’s dividend payout ratio is currently 16.98%.
In other Oshkosh news, EVP Frank R. Nerenhausen sold 10,000 shares of the stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $70.00, for a total transaction of $700,000.00. Following the completion of the transaction, the executive vice president now directly owns 62,385 shares in the company, valued at $4,366,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tina R. Schoner acquired 630 shares of the company’s stock in a transaction on Friday, November 16th. The shares were bought at an average price of $66.78 per share, with a total value of $42,071.40. Following the completion of the purchase, the senior vice president now directly owns 630 shares of the company’s stock, valued at $42,071.40. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.
Several research analysts recently commented on OSK shares. ValuEngine cut Oshkosh from a “sell” rating to a “strong sell” rating in a research report on Friday, August 10th. Bank of America reduced their target price on Oshkosh from $84.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, August 17th. Buckingham Research started coverage on Oshkosh in a research report on Tuesday, August 28th. They issued a “neutral” rating and a $76.00 target price for the company. Deutsche Bank set a $77.00 target price on Oshkosh and gave the stock a “hold” rating in a research report on Wednesday, September 5th. Finally, Zacks Investment Research cut Oshkosh from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Oshkosh has a consensus rating of “Hold” and a consensus price target of $86.17.
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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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