Riverhead Capital Management LLC cut its holdings in shares of Oshkosh Co. (NYSE:OSK) by 48.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,670 shares of the company’s stock after selling 20,398 shares during the period. Riverhead Capital Management LLC’s holdings in Oshkosh were worth $1,675,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in OSK. Bank of Montreal Can boosted its stake in shares of Oshkosh by 4.0% during the fourth quarter. Bank of Montreal Can now owns 14,226 shares of the company’s stock valued at $1,293,000 after purchasing an additional 550 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Oshkosh by 400.4% during the fourth quarter. Acadian Asset Management LLC now owns 30,003 shares of the company’s stock valued at $2,727,000 after purchasing an additional 24,007 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Oshkosh during the fourth quarter valued at approximately $399,000. Chevy Chase Trust Holdings Inc. bought a new position in shares of Oshkosh during the fourth quarter valued at approximately $203,000. Finally, Bowling Portfolio Management LLC bought a new position in shares of Oshkosh during the fourth quarter valued at approximately $2,105,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Oshkosh from a “buy” rating to a “hold” rating 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 report on Friday, February 9th. Stifel Nicolaus increased their target price on shares of Oshkosh from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, January 26th. KeyCorp reissued a “buy” rating and set a $104.00 target price on shares of Oshkosh in a research report on Friday, January 26th. Finally, Zacks Investment Research raised shares of Oshkosh from a “hold” rating to a “strong-buy” rating and set a $82.00 target price for the company in a research report on Thursday, May 3rd. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $93.23.
NYSE:OSK opened at $77.20 on Friday. Oshkosh Co. has a 52 week low of $62.68 and a 52 week high of $100.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.81 and a quick ratio of 1.05. The company has a market cap of $5.71 billion, a P/E ratio of 13.79, a PEG ratio of 0.73 and a beta of 1.60.
Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, April 26th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.46. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Oshkosh had a net margin of 5.21% and a return on equity of 18.63%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company posted $0.76 earnings per share. equities analysts anticipate that Oshkosh Co. will post 5.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 29th. Shareholders of record on Monday, May 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, May 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.24%. Oshkosh’s dividend payout ratio is currently 22.59%.
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.
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