Citigroup Inc. grew its holdings in Oshkosh Corporation (NYSE:OSK) by 270.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,729 shares of the company’s stock after acquiring an additional 38,484 shares during the quarter. Citigroup Inc. owned 0.07% of Oshkosh Corporation worth $3,632,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. Raymond James Trust N.A. increased its holdings in shares of Oshkosh Corporation by 0.9% in the second quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock worth $210,000 after acquiring an additional 28 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Oshkosh Corporation by 3.5% in the second quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock worth $140,000 after acquiring an additional 68 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Oshkosh Corporation by 2.0% in the first quarter. M&T Bank Corp now owns 5,074 shares of the company’s stock worth $348,000 after acquiring an additional 100 shares in the last quarter. Paradigm Asset Management Co. LLC increased its holdings in shares of Oshkosh Corporation by 4.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock worth $155,000 after acquiring an additional 100 shares in the last quarter. Finally, World Asset Management Inc increased its holdings in shares of Oshkosh Corporation by 2.0% in the first quarter. World Asset Management Inc now owns 5,554 shares of the company’s stock worth $381,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 94.64% of the company’s stock.
In other Oshkosh Corporation news, VP Marek W. May sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $74.89, for a total transaction of $239,648.00. Following the completion of the sale, the vice president now directly owns 11,068 shares of the company’s stock, valued at approximately $828,882.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph H. Kimmitt sold 23,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $75.83, for a total value of $1,744,090.00. Following the sale, the insider now directly owns 70,262 shares of the company’s stock, valued at $5,327,967.46. The disclosure for this sale can be found here. Insiders have sold a total of 50,533 shares of company stock valued at $3,810,466 over the last three months. Corporate insiders own 2.00% of the company’s stock.
Oshkosh Corporation (NYSE:OSK) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.51. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Wednesday, August 16th. Oshkosh Corporation’s dividend payout ratio is currently 25.07%.
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OSK has been the subject of several recent analyst reports. ValuEngine upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. KeyCorp restated a “buy” rating and issued a $85.00 price target on shares of Oshkosh Corporation in a report on Sunday, September 17th. Zacks Investment Research downgraded Oshkosh Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Royal Bank Of Canada restated an “outperform” rating and issued a $85.00 price target (up from $80.00) on shares of Oshkosh Corporation in a report on Wednesday, August 9th. Finally, Drexel Hamilton raised Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Friday, August 4th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.50.
Oshkosh Corporation Profile
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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