Dimensional Fund Advisors LP raised its holdings in shares of Oshkosh Corp (NYSE:OSK) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,866,855 shares of the company’s stock after acquiring an additional 6,460 shares during the period. Dimensional Fund Advisors LP owned approximately 2.49% of Oshkosh worth $154,091,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC bought a new stake in shares of Oshkosh in the 2nd quarter worth $7,006,000. American Century Companies Inc. raised its stake in shares of Oshkosh by 116.7% in the 2nd quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock worth $47,467,000 after buying an additional 371,089 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Oshkosh by 33.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 41,837 shares of the company’s stock worth $2,882,000 after buying an additional 10,581 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Oshkosh by 85.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock worth $159,548,000 after buying an additional 1,063,971 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of Oshkosh by 270.2% in the 2nd quarter. Citigroup Inc. now owns 52,729 shares of the company’s stock worth $3,632,000 after buying an additional 38,484 shares in the last quarter. 93.61% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Bradley M. Nelson sold 7,500 shares of Oshkosh stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.86, for a total value of $628,950.00. Following the transaction, the senior vice president now directly owns 18,908 shares in the company, valued at approximately $1,585,624.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wilson R. Jones sold 40,000 shares of Oshkosh stock in a transaction on Friday, November 17th. The stock was sold at an average price of $85.14, for a total value of $3,405,600.00. Following the completion of the transaction, the insider now owns 159,859 shares in the company, valued at $13,610,395.26. The disclosure for this sale can be found here. Insiders sold a total of 115,153 shares of company stock worth $9,953,433 over the last 90 days. Insiders own 2.00% of the company’s stock.
Shares of Oshkosh Corp (NYSE OSK) traded up $0.72 during midday trading on Thursday, hitting $89.10. The company had a trading volume of 1,017,800 shares, compared to its average volume of 686,808. The company has a quick ratio of 1.09, a current ratio of 1.81 and a debt-to-equity ratio of 0.35. The firm has a market cap of $6,643.54, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.18 and a beta of 1.84. Oshkosh Corp has a twelve month low of $61.74 and a twelve month high of $94.16.
Oshkosh (NYSE:OSK) last issued its earnings results on Tuesday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.36. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Oshkosh had a return on equity of 15.14% and a net margin of 4.18%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 EPS. sell-side analysts expect that Oshkosh Corp will post 4.55 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from Oshkosh’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, November 15th. Oshkosh’s payout ratio is presently 25.53%.
A number of analysts have recently commented on the company. Royal Bank of Canada reissued a “buy” rating and issued a $100.00 price objective on shares of Oshkosh in a research note on Thursday, November 2nd. Jefferies Group boosted their price objective on Oshkosh from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. J P Morgan Chase & Co boosted their price objective on Oshkosh from $80.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating and issued a $97.00 price objective on shares of Oshkosh in a research note on Wednesday, November 1st. Finally, KeyCorp reissued an “overweight” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Oshkosh in a research note on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Oshkosh has a consensus rating of “Buy” and a consensus price target of $92.85.
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Oshkosh Company 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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