Oshkosh Corp (OSK) Holdings Cut by Convergence Investment Partners LLC

Convergence Investment Partners LLC reduced its holdings in Oshkosh Corp (NYSE:OSK) by 69.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,113 shares of the company’s stock after selling 11,528 shares during the quarter. Convergence Investment Partners LLC’s holdings in Oshkosh were worth $465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its holdings in Oshkosh by 0.9% in the second quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock valued at $210,000 after acquiring an additional 28 shares during the last quarter. Hanseatic Management Services Inc. boosted its holdings in Oshkosh by 0.3% in the second quarter. Hanseatic Management Services Inc. now owns 15,738 shares of the company’s stock valued at $1,084,000 after acquiring an additional 41 shares during the last quarter. M&T Bank Corp boosted its holdings in Oshkosh by 1.2% in the second quarter. M&T Bank Corp now owns 5,135 shares of the company’s stock valued at $353,000 after acquiring an additional 61 shares during the last quarter. Clinton Group Inc. lifted its stake in shares of Oshkosh by 0.3% during the second quarter. Clinton Group Inc. now owns 62,787 shares of the company’s stock worth $4,325,000 after purchasing an additional 193 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Oshkosh by 5.5% during the second 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. 94.25% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have commented on OSK shares. KeyCorp restated an “overweight” rating and set a $100.00 price objective (up previously from $90.00) on shares of Oshkosh in a research note on Wednesday, November 1st. SunTrust Banks lifted their target price on Oshkosh to $102.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. ValuEngine lowered Oshkosh from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. JPMorgan Chase & Co. boosted their price objective on Oshkosh from $80.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $97.00 target price on shares of Oshkosh in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Oshkosh presently has an average rating of “Buy” and an average price target of $94.54.

In related news, insider Wilson R. Jones sold 40,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $85.14, for a total value of $3,405,600.00. Following the completion of the sale, the insider now directly owns 159,859 shares in the company, valued at $13,610,395.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Duncan Palmer sold 1,500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $91.93, for a total transaction of $137,895.00. Following the completion of the sale, the director now owns 23,095 shares of the company’s stock, valued at $2,123,123.35. The disclosure for this sale can be found here. Insiders sold 100,955 shares of company stock worth $8,744,467 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

Oshkosh Corp (NYSE OSK) traded up $3.46 during midday trading on Friday, hitting $86.52. The company’s stock had a trading volume of 1,259,373 shares, compared to its average volume of 825,729. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.86 and a quick ratio of 1.08. Oshkosh Corp has a 52 week low of $61.74 and a 52 week high of $100.26. The company has a market capitalization of $6,500.00, a PE ratio of 20.36, a P/E/G ratio of 1.12 and a beta of 1.53.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 25th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.29. Oshkosh had a net margin of 4.48% and a return on equity of 16.64%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business earned $0.26 EPS. The company’s revenue was up 31.0% on a year-over-year basis. sell-side analysts predict that Oshkosh Corp will post 5.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, February 12th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, February 9th. Oshkosh’s dividend payout ratio (DPR) is presently 22.59%.

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Oshkosh 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.

Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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