Bluestein R H & Co. decreased its holdings in shares of Oshkosh Co. (NYSE:OSK) by 38.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,500 shares of the company’s stock after selling 3,400 shares during the period. Bluestein R H & Co.’s holdings in Oshkosh were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Sigma Planning Corp bought a new position in shares of Oshkosh during the 4th quarter valued at about $1,884,000. Bain Capital Public Equity Management LLC bought a new position in shares of Oshkosh during the 4th quarter valued at about $12,731,000. New Mexico Educational Retirement Board bought a new position in shares of Oshkosh during the 4th quarter valued at about $1,681,000. Itau Unibanco Holding S.A. boosted its position in shares of Oshkosh by 11.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 6,442 shares of the company’s stock valued at $586,000 after purchasing an additional 646 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Oshkosh during the 4th quarter valued at about $5,453,000. Institutional investors own 90.56% of the company’s stock.
Shares of Oshkosh opened at $76.27 on Friday, according to Marketbeat Ratings. Oshkosh Co. has a one year low of $62.87 and a one year high of $100.26. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 0.74 and a beta of 1.60. The company has a quick ratio of 1.05, a current ratio of 1.81 and a debt-to-equity ratio of 0.35.
Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, April 26th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.08 by $0.46. Oshkosh had a net margin of 5.21% and a return on equity of 18.63%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. analysts anticipate that Oshkosh Co. will post 5.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Monday, May 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, May 11th. Oshkosh’s dividend payout ratio (DPR) is 22.59%.
Several research firms have recently weighed in on OSK. ValuEngine lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Evercore ISI upgraded shares of Oshkosh from an “in-line” rating to an “outperform” rating in a research report on Friday, February 9th. Stifel Nicolaus raised their price objective 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 restated a “buy” rating and set a $104.00 price objective on shares of Oshkosh in a research report on Friday, January 26th. Finally, Zacks Investment Research upgraded shares of Oshkosh from a “hold” rating to a “strong-buy” rating and set a $82.00 price objective 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 assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $93.23.
In other news, VP Marek W. May sold 7,180 shares of the stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $79.22, for a total value of $568,799.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.
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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