Jane Street Group LLC lifted its stake in shares of Oshkosh Corp (NYSE:OSK) by 595.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,966 shares of the company’s stock after purchasing an additional 23,947 shares during the period. Jane Street Group LLC’s holdings in Oshkosh were worth $2,003,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Aristotle Capital Management LLC lifted its stake in shares of Oshkosh by 25.4% during the 1st quarter. Aristotle Capital Management LLC now owns 8,875,812 shares of the company’s stock valued at $570,981,000 after buying an additional 1,796,775 shares in the last quarter. FMR LLC increased its position in shares of Oshkosh by 15.0% during the second quarter. FMR LLC now owns 4,087,008 shares of the company’s stock valued at $292,711,000 after acquiring an additional 534,203 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Oshkosh by 47.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,016,746 shares of the company’s stock worth $72,819,000 after buying an additional 326,026 shares in the last quarter. Alliancebernstein L.P. increased its position in Oshkosh by 260.8% during the first quarter. Alliancebernstein L.P. now owns 429,600 shares of the company’s stock valued at $27,636,000 after acquiring an additional 310,525 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Oshkosh by 598.8% during the first quarter. Russell Investments Group Ltd. now owns 296,056 shares of the company’s stock valued at $19,041,000 after purchasing an additional 253,690 shares during the period. 92.31% of the stock is currently owned by institutional investors.
Shares of OSK stock traded up $0.14 on Wednesday, reaching $77.35. The company’s stock had a trading volume of 634 shares, compared to its average volume of 595,520. The stock’s fifty day simple moving average is $79.07 and its 200-day simple moving average is $70.87. Oshkosh Corp has a 1 year low of $46.72 and a 1 year high of $95.62. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 1.88 and a beta of 1.65. The company has a current ratio of 2.12, a quick ratio of 1.07 and a debt-to-equity ratio of 0.30.
Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.80. Oshkosh had a net margin of 5.15% and a return on equity of 14.93%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business earned $2.72 earnings per share. Oshkosh’s quarterly revenue was down 33.9% compared to the same quarter last year. Equities research analysts forecast that Oshkosh Corp will post 4.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a $0.30 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 1.55%. Oshkosh’s dividend payout ratio is currently 14.44%.
Several research analysts recently weighed in on OSK shares. Deutsche Bank started coverage on shares of Oshkosh in a report on Tuesday, June 30th. They issued a “buy” rating and a $89.00 target price for the company. JPMorgan Chase & Co. lowered Oshkosh from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $84.00 to $90.00 in a research note on Thursday, August 13th. Citigroup increased their target price on Oshkosh from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. ValuEngine raised Oshkosh from a “sell” rating to a “hold” rating in a report on Wednesday, September 9th. Finally, Goldman Sachs Group upgraded Oshkosh from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, June 4th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $82.57.
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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