Precision Path Capital LP acquired a new stake in shares of Oshkosh Corp (NYSE:OSK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 59,000 shares of the company’s stock, valued at approximately $5,363,000. Oshkosh accounts for 4.1% of Precision Path Capital LP’s portfolio, making the stock its 12th biggest position. Precision Path Capital LP owned about 0.08% of Oshkosh at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of OSK. FMR LLC grew its position in Oshkosh by 89.3% in the second quarter. FMR LLC now owns 10,600 shares of the company’s stock worth $730,000 after buying an additional 5,000 shares during the last quarter. APG Asset Management N.V. purchased a new position in Oshkosh during the 3rd quarter worth approximately $2,872,000. Crossmark Global Holdings Inc. purchased a new position in Oshkosh during the 3rd quarter worth approximately $481,000. Victory Capital Management Inc. grew its position in Oshkosh by 16.2% during the 3rd quarter. Victory Capital Management Inc. now owns 18,896 shares of the company’s stock worth $1,560,000 after purchasing an additional 2,632 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in Oshkosh by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 105,849 shares of the company’s stock worth $8,737,000 after purchasing an additional 660 shares in the last quarter. Institutional investors and hedge funds own 91.88% of the company’s stock.
In other Oshkosh news, Director Leslie F. Kenne sold 1,061 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $90.82, for a total value of $96,360.02. Following the completion of the sale, the director now owns 25,320 shares in the company, valued at $2,299,562.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Duncan Palmer sold 1,500 shares of the stock in a transaction on Thursday, February 1st. The shares were 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 approximately $2,123,123.35. The disclosure for this sale can be found here. Insiders have sold 6,361 shares of company stock valued at $564,480 in the last three months. 1.60% of the stock is owned by insiders.
A number of equities research analysts have issued reports on the stock. ValuEngine lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Morgan Stanley assumed coverage on shares of Oshkosh in a research note on Friday, March 2nd. They set an “equal weight” rating and a $86.00 target price for the company. Robert W. Baird lowered shares of Oshkosh from an “outperform” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Friday, March 2nd. Evercore ISI raised shares of Oshkosh from an “in-line” rating to an “outperform” rating in a research note on Friday, February 9th. Finally, Stifel Nicolaus boosted their target price on shares of Oshkosh from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Oshkosh currently has an average rating of “Buy” and an average target price of $93.43.
Shares of Oshkosh Corp (NYSE OSK) traded down $0.79 during midday trading on Wednesday, reaching $78.58. 499,589 shares of the company traded hands, compared to its average volume of 906,824. Oshkosh Corp has a fifty-two week low of $61.74 and a fifty-two week high of $100.26. The firm has a market capitalization of $5,957.23, a price-to-earnings ratio of 18.53, a P/E/G ratio of 0.85 and a beta of 1.61. 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 (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business posted $0.26 earnings per share. Oshkosh’s revenue was up 31.0% compared to the same quarter last year. equities research analysts anticipate that Oshkosh Corp will post 5.33 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, February 9th. Oshkosh’s dividend payout ratio is 22.64%.
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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