Chartwell Investment Partners LLC lowered its position in Oshkosh Corp (NYSE:OSK) by 13.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 38,903 shares of the company’s stock after selling 6,197 shares during the period. Chartwell Investment Partners LLC’s holdings in Oshkosh were worth $2,786,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OSK. State of Michigan Retirement System increased its holdings in Oshkosh by 31.1% during the 2nd quarter. State of Michigan Retirement System now owns 24,776 shares of the company’s stock worth $1,774,000 after purchasing an additional 5,876 shares in the last quarter. M&T Bank Corp increased its holdings in Oshkosh by 33.3% during the 2nd quarter. M&T Bank Corp now owns 33,059 shares of the company’s stock worth $2,367,000 after purchasing an additional 8,260 shares in the last quarter. Sciencast Management LP bought a new position in Oshkosh during the 2nd quarter worth about $450,000. Raymond James & Associates increased its holdings in Oshkosh by 1.8% during the 2nd quarter. Raymond James & Associates now owns 54,736 shares of the company’s stock worth $3,920,000 after purchasing an additional 970 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Oshkosh by 11.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,474 shares of the company’s stock worth $320,000 after purchasing an additional 458 shares in the last quarter. Institutional investors and hedge funds own 93.32% of the company’s stock.
OSK has been the subject of a number of research reports. CSFB lowered their target price on Oshkosh from $83.00 to $82.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Royal Bank of Canada reiterated a “buy” rating and set a $79.00 target price on shares of Oshkosh in a report on Sunday, April 19th. Goldman Sachs Group upgraded shares of Oshkosh from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, June 4th. ValuEngine upgraded shares of Oshkosh from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Finally, Deutsche Bank assumed coverage on shares of Oshkosh in a research note on Tuesday, June 30th. They set a “buy” rating and a $89.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Oshkosh presently has a consensus rating of “Buy” and an average price target of $83.73.
Shares of NYSE:OSK opened at $78.72 on Friday. Oshkosh Corp has a 52-week low of $46.72 and a 52-week high of $95.62. The company has a market capitalization of $5.36 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 2.26 and a beta of 1.54. The company has a 50-day simple moving average of $74.00 and a 200 day simple moving average of $72.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.04 and a current ratio of 2.12.
Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, July 30th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.80. Oshkosh had a net margin of 5.15% and a return on equity of 14.93%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business posted $2.72 EPS. Oshkosh’s revenue was down 33.9% on a year-over-year basis. As a group, equities analysts forecast that Oshkosh Corp will post 3.93 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, August 14th. Oshkosh’s payout ratio is 14.44%.
Oshkosh Company Profile
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 services; and chassis and service parts sales.
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