Macquarie Group Ltd. lessened its holdings in Oshkosh Corp (NYSE:OSK) by 23.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 293,608 shares of the company’s stock after selling 90,925 shares during the period. Macquarie Group Ltd. owned 0.39% of Oshkosh worth $26,686,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vident Investment Advisory LLC raised its stake in Oshkosh by 5.5% in the 4th quarter. Vident Investment Advisory LLC now owns 37,870 shares of the company’s stock valued at $3,442,000 after acquiring an additional 1,966 shares during the period. Verition Fund Management LLC raised its stake in Oshkosh by 252.4% in the 4th quarter. Verition Fund Management LLC now owns 11,251 shares of the company’s stock valued at $1,023,000 after acquiring an additional 18,632 shares during the period. Millennium Management LLC raised its stake in Oshkosh by 49.7% in the 4th quarter. Millennium Management LLC now owns 855,802 shares of the company’s stock valued at $77,784,000 after acquiring an additional 284,222 shares during the period. Sciencast Management LP bought a new stake in Oshkosh in the 4th quarter valued at $1,015,000. Finally, Elkfork Partners LLC bought a new stake in Oshkosh in the 4th quarter valued at $3,202,000. Institutional investors and hedge funds own 91.87% of the company’s stock.
Oshkosh Corp (NYSE:OSK) opened at $76.98 on Friday. 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 12-month low of $61.74 and a 12-month high of $100.26. The company has a market capitalization of $5,940.07, a price-to-earnings ratio of 16.51, a P/E/G ratio of 0.85 and a beta of 1.61.
Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.29. Oshkosh had a return on equity of 16.64% and a net margin of 4.48%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the business earned $0.26 earnings per share. Oshkosh’s revenue was up 31.0% on a year-over-year basis. analysts expect that Oshkosh Corp will post 5.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, February 9th. Oshkosh’s payout ratio is currently 22.64%.
In related news, Director Peter B. Hamilton sold 1,500 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $87.21, for a total value of $130,815.00. Following the transaction, the director now owns 23,750 shares in the company, valued at $2,071,237.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leslie F. Kenne sold 1,061 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $90.82, for a total value of $96,360.02. Following the completion of the transaction, the director now owns 25,320 shares in the company, valued at approximately $2,299,562.40. The disclosure for this sale can be found here. Insiders sold 6,361 shares of company stock worth $564,480 in the last 90 days. 2.00% of the stock is owned by company insiders.
A number of research firms recently weighed in on OSK. Morgan Stanley began coverage on Oshkosh in a research note on Friday, March 2nd. They issued an “equal weight” rating and a $86.00 price target on the stock. ValuEngine cut Oshkosh from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Evercore ISI upgraded Oshkosh from an “in-line” rating to an “outperform” rating in a research report on Friday, February 9th. Robert W. Baird cut Oshkosh from an “outperform” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research report on Friday, March 2nd. Finally, Zacks Investment Research cut Oshkosh from a “buy” rating to a “hold” rating in a research report on Thursday, March 15th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Oshkosh has a consensus rating of “Buy” and an average target price of $93.00.
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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