Galibier Capital Management Ltd. reduced its stake in Oshkosh Corp (NYSE:OSK) by 13.2% during the second quarter, Holdings Channel.com reports. The fund owned 69,520 shares of the company’s stock after selling 10,583 shares during the quarter. Oshkosh makes up 2.6% of Galibier Capital Management Ltd.’s investment portfolio, making the stock its 11th biggest position. Galibier Capital Management Ltd.’s holdings in Oshkosh were worth $5,804,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of OSK. Personal Wealth Partners bought a new position in shares of Oshkosh during the second quarter valued at approximately $25,000. FinTrust Capital Advisors LLC boosted its stake in shares of Oshkosh by 1,128.6% during the first quarter. FinTrust Capital Advisors LLC now owns 344 shares of the company’s stock valued at $26,000 after purchasing an additional 316 shares in the last quarter. Machina Capital S.A.S. boosted its stake in shares of Oshkosh by 255.9% during the second quarter. Machina Capital S.A.S. now owns 573 shares of the company’s stock valued at $48,000 after purchasing an additional 412 shares in the last quarter. NEXT Financial Group Inc bought a new position in shares of Oshkosh during the second quarter valued at approximately $54,000. Finally, Capital Investment Advisory Services LLC boosted its stake in shares of Oshkosh by 35.3% during the first quarter. Capital Investment Advisory Services LLC now owns 763 shares of the company’s stock valued at $57,000 after purchasing an additional 199 shares in the last quarter. Institutional investors and hedge funds own 89.87% of the company’s stock.
Shares of Oshkosh stock traded up $1.58 during trading on Friday, hitting $69.45. 454,400 shares of the company’s stock were exchanged, compared to its average volume of 717,779. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.99. The business has a 50-day simple moving average of $80.55 and a 200-day simple moving average of $78.57. Oshkosh Corp has a 52-week low of $51.42 and a 52-week high of $86.45. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.74 and a beta of 1.95.
Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, August 1st. The company reported $2.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.35. Oshkosh had a net margin of 7.04% and a return on equity of 22.70%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the company posted $2.20 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, equities analysts anticipate that Oshkosh Corp will post 8.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, August 16th. This represents a $1.08 annualized dividend and a dividend yield of 1.56%. Oshkosh’s dividend payout ratio (DPR) is presently 16.98%.
In related news, VP James W. Johnson sold 11,029 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $76.05, for a total transaction of $838,755.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.
A number of research firms have recently issued reports on OSK. UBS Group began coverage on shares of Oshkosh in a research note on Tuesday, April 23rd. They set a “neutral” rating and a $85.00 price objective on the stock. ValuEngine downgraded shares of Oshkosh from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Evercore ISI raised shares of Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 target price for the company in a research report on Thursday, August 1st. JPMorgan Chase & Co. cut shares of Oshkosh from an “overweight” rating to a “neutral” rating and increased their target price for the company from $80.00 to $85.00 in a research report on Wednesday, May 1st. Finally, Zacks Investment Research raised shares of Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Thursday, July 11th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $82.55.
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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