Janus Henderson Group PLC cut its stake in shares of Oshkosh Corp (NYSE:OSK) by 60.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,820 shares of the company’s stock after selling 61,900 shares during the quarter. Janus Henderson Group PLC owned approximately 0.05% of Oshkosh worth $3,287,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its stake in shares of Oshkosh by 3.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock valued at $140,000 after purchasing an additional 68 shares during the period. CIBC Asset Management Inc acquired a new position in Oshkosh during the 3rd quarter worth approximately $208,000. Raymond James Trust N.A. raised its stake in Oshkosh by 0.9% during the 2nd quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock worth $210,000 after buying an additional 28 shares during the period. Zacks Investment Management acquired a new position in Oshkosh during the 2nd quarter worth approximately $247,000. Finally, HighTower Advisors LLC increased its holdings in Oshkosh by 5.5% during the 2nd quarter. HighTower Advisors LLC now owns 3,849 shares of the company’s stock worth $264,000 after purchasing an additional 201 shares in the last quarter. 93.96% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Wilson R. Jones sold 40,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $85.14, for a total transaction of $3,405,600.00. Following the transaction, the insider now directly owns 159,859 shares of the company’s stock, valued at $13,610,395.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP R Scott Grennier sold 900 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $86.18, for a total value of $77,562.00. Following the transaction, the vice president now directly owns 3,581 shares in the company, valued at $308,610.58. The disclosure for this sale can be found here. Insiders sold 115,153 shares of company stock worth $9,953,433 in the last quarter. 2.00% of the stock is currently owned by company insiders.
A number of analysts have commented on the company. Royal Bank of Canada reissued a “buy” rating and set a $100.00 price objective on shares of Oshkosh in a report on Thursday, November 2nd. Jefferies Group upped their target price on Oshkosh from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. upped their target price on Oshkosh from $80.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $97.00 target price on shares of Oshkosh in a report on Wednesday, November 1st. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $100.00 target price (up from $90.00) on shares of Oshkosh in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Oshkosh has an average rating of “Buy” and a consensus price target of $93.77.
Shares of Oshkosh Corp (OSK) opened at $92.29 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.81 and a quick ratio of 1.09. Oshkosh Corp has a 12-month low of $61.74 and a 12-month high of $94.16. The stock has a market capitalization of $6,940.00, a price-to-earnings ratio of 24.55, a P/E/G ratio of 1.20 and a beta of 1.84.
Oshkosh (NYSE:OSK) last issued its quarterly earnings data 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. Oshkosh had a return on equity of 15.14% and a net margin of 4.18%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the business posted $1.05 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. analysts expect that Oshkosh Corp will post 4.59 EPS for the current fiscal year.
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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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