One Way Holdings LLC acquired a new stake in shares of Oshkosh Corporation (NYSE:OSK – Free Report) during the 3rd quarter, Holdings Channel reports. The fund acquired 123,433 shares of the company’s stock, valued at approximately $15,901,000.
Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Oshkosh in the 3rd quarter worth approximately $77,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Oshkosh by 16.3% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 25,700 shares of the company’s stock worth $3,311,000 after purchasing an additional 3,600 shares in the last quarter. Parcion Private Wealth LLC raised its stake in shares of Oshkosh by 4.4% in the third quarter. Parcion Private Wealth LLC now owns 8,894 shares of the company’s stock worth $1,146,000 after purchasing an additional 374 shares during the last quarter. Choreo LLC bought a new stake in Oshkosh in the 3rd quarter worth about $240,000. Finally, D.A. Davidson & CO. raised its position in Oshkosh by 7.4% in the 3rd quarter. D.A. Davidson & CO. now owns 42,435 shares of the company’s stock worth $5,467,000 after buying an additional 2,921 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.
Oshkosh Stock Performance
NYSE:OSK opened at $139.37 on Monday. The firm has a market capitalization of $8.60 billion, a PE ratio of 17.60, a P/E/G ratio of 1.25 and a beta of 1.26. Oshkosh Corporation has a 52-week low of $116.77 and a 52-week high of $180.49. The stock has a 50-day simple moving average of $139.82 and a two-hundred day simple moving average of $146.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.00 and a current ratio of 1.72.
Oshkosh (NYSE:OSK – Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.65). Oshkosh had a net margin of 4.63% and a return on equity of 11.69%. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the firm posted $3.20 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Analysts forecast that Oshkosh Corporation will post 8.94 EPS for the current year.
Oshkosh Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, November 16th. Oshkosh’s dividend payout ratio (DPR) is presently 28.79%.
Analyst Ratings Changes
Several equities analysts have issued reports on OSK shares. Citigroup lowered their target price on shares of Oshkosh from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Barclays boosted their price objective on shares of Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $132.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a research note on Friday, October 9th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Oshkosh has an average rating of “Moderate Buy” and an average price target of $165.79.
Read Our Latest Stock Analysis on Oshkosh
Insider Transactions at Oshkosh
In other Oshkosh news, Director John Pfeifer sold 778 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $150.00, for a total value of $116,700.00. Following the sale, the director owned 150,669 shares in the company, valued at $22,600,350. The trade was a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.64% of the company’s stock.
About Oshkosh
Oshkosh Corporation (NYSE: OSK) is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.
Oshkosh’s product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.
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