Clinton Group Inc. bought a new stake in Oshkosh Corp (NYSE:OSK) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,750 shares of the company’s stock, valued at approximately $267,000.
A number of other institutional investors have also added to or reduced their stakes in OSK. FMR LLC grew its position in Oshkosh by 292.0% in the second quarter. FMR LLC now owns 893,679 shares of the company’s stock valued at $62,843,000 after acquiring an additional 665,690 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Oshkosh in the second quarter valued at about $23,987,000. Hallmark Capital Management Inc. bought a new position in Oshkosh in the second quarter valued at about $15,167,000. Millennium Management LLC grew its position in Oshkosh by 24.5% in the first quarter. Millennium Management LLC now owns 1,065,126 shares of the company’s stock valued at $82,302,000 after acquiring an additional 209,324 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Oshkosh by 1,291.6% in the second quarter. Advisors Asset Management Inc. now owns 132,953 shares of the company’s stock valued at $745,000 after acquiring an additional 123,399 shares during the last quarter. Hedge funds and other institutional investors own 89.34% of the company’s stock.
Shares of OSK stock opened at $61.53 on Friday. Oshkosh Corp has a 12 month low of $60.87 and a 12 month high of $100.26. The stock has a market cap of $5.21 billion, a PE ratio of 14.48, a PEG ratio of 0.65 and a beta of 1.48. The company has a current ratio of 1.88, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34.
Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Tuesday, July 31st. The company reported $2.20 EPS for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.18. Oshkosh had a return on equity of 19.19% and a net margin of 5.44%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the firm posted $1.84 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts predict that Oshkosh Corp will post 6.03 EPS for the current year.
OSK has been the topic of a number of recent analyst reports. ValuEngine cut Oshkosh from a “hold” rating to a “sell” rating in a research report on Wednesday, June 20th. Zacks Investment Research lowered Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, June 30th. Longbow Research initiated coverage on Oshkosh in a research note on Friday, July 13th. They set a “buy” rating and a $88.00 price target on the stock. KeyCorp cut their price target on Oshkosh from $104.00 to $88.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 1st. Finally, Stifel Nicolaus cut their price target on Oshkosh from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Oshkosh has an average rating of “Hold” and an average target price of $89.87.
In related news, insider Wilson R. Jones sold 47,000 shares of Oshkosh stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $72.02, for a total value of $3,384,940.00. Following the transaction, the insider now directly owns 180,862 shares of the company’s stock, valued at $13,025,681.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP David M. Sagehorn sold 45,000 shares of Oshkosh stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $75.40, for a total value of $3,393,000.00. Following the completion of the transaction, the vice president now directly owns 179,097 shares in the company, valued at $13,503,913.80. The disclosure for this sale can be found here. 1.60% of the stock is owned by 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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