Whittier Trust Co. of Nevada Inc. grew its position in Oshkosh Corp (NYSE:OSK) by 13.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,904 shares of the company’s stock after purchasing an additional 221 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Oshkosh were worth $159,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of OSK. FinTrust Capital Advisors LLC lifted its position in Oshkosh by 1,128.6% during the 1st quarter. FinTrust Capital Advisors LLC now owns 344 shares of the company’s stock worth $26,000 after buying an additional 316 shares in the last quarter. Gemmer Asset Management LLC lifted its position in Oshkosh by 99.6% during the 1st quarter. Gemmer Asset Management LLC now owns 563 shares of the company’s stock worth $42,000 after buying an additional 281 shares in the last quarter. Advisory Services Network LLC lifted its position in Oshkosh by 85.1% during the 4th quarter. Advisory Services Network LLC now owns 731 shares of the company’s stock worth $45,000 after buying an additional 336 shares in the last quarter. Machina Capital S.A.S. lifted its position in Oshkosh by 255.9% during the 2nd quarter. Machina Capital S.A.S. now owns 573 shares of the company’s stock worth $48,000 after buying an additional 412 shares in the last quarter. Finally, NEXT Financial Group Inc acquired a new position in Oshkosh during the 2nd quarter worth about $54,000. Institutional investors and hedge funds own 88.21% of the company’s stock.
Oshkosh stock traded down $1.40 during trading hours on Monday, reaching $74.89. 7,797 shares of the company’s stock traded hands, compared to its average volume of 657,151. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.03. Oshkosh Corp has a fifty-two week low of $51.42 and a fifty-two week high of $86.45. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 0.83 and a beta of 1.95. The business’s 50 day moving average price is $82.77.
Oshkosh (NYSE:OSK) last released its earnings results on Thursday, August 1st. The company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.35. Oshkosh had a net margin of 7.04% and a return on equity of 22.70%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the company posted $2.20 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. On average, analysts forecast that Oshkosh Corp will post 8.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, August 16th. This represents a $1.08 dividend on an annualized basis and a yield of 1.44%. Oshkosh’s payout ratio is presently 16.98%.
Several research analysts recently issued reports on the stock. ValuEngine downgraded shares of Oshkosh from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Thursday, July 11th. JPMorgan Chase & Co. downgraded shares of Oshkosh from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $80.00 to $85.00 in a research report on Wednesday, May 1st. Evercore ISI upgraded shares of Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 price target on the stock in a research report on Thursday. Finally, Citigroup upped their price target on shares of Oshkosh from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $83.18.
In other news, VP James W. Johnson sold 11,029 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $76.05, for a total value of $838,755.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.
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 services; and chassis and service parts sales.
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