SG Americas Securities LLC raised its holdings in Oshkosh Corporation (NYSE:OSK – Free Report) by 50.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,767 shares of the company’s stock after acquiring an additional 24,511 shares during the period. SG Americas Securities LLC’s holdings in Oshkosh were worth $10,712,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of OSK. Dimensional Fund Advisors LP raised its position in shares of Oshkosh by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,005,205 shares of the company’s stock worth $377,547,000 after purchasing an additional 175,139 shares during the period. LSV Asset Management increased its stake in Oshkosh by 0.9% during the 4th quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock worth $240,427,000 after purchasing an additional 17,944 shares in the last quarter. Invesco Ltd. increased its stake in Oshkosh by 20.4% during the 4th quarter. Invesco Ltd. now owns 1,777,735 shares of the company’s stock worth $223,337,000 after purchasing an additional 300,766 shares in the last quarter. AQR Capital Management LLC raised its holdings in Oshkosh by 25.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after buying an additional 345,782 shares during the period. Finally, Southpoint Capital Advisors LP acquired a new stake in Oshkosh during the 4th quarter worth approximately $175,882,000. 92.36% of the stock is currently owned by institutional investors.
Oshkosh Trading Up 0.2%
NYSE OSK opened at $151.30 on Friday. Oshkosh Corporation has a 12 month low of $112.59 and a 12 month high of $180.49. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $137.90 and a 200-day moving average of $145.65. The company has a market cap of $9.43 billion, a PE ratio of 16.85, a PEG ratio of 0.74 and a beta of 1.26.
Oshkosh Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were paid a dividend of $0.57 per share. The ex-dividend date was Tuesday, May 26th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Oshkosh’s payout ratio is currently 25.39%.
Insider Activity
In other news, Director Duncan Palmer sold 505 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the sale, the director directly owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. This represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Oshkosh from $167.00 to $197.00 and gave the company a “buy” rating in a report on Friday, March 6th. Raymond James Financial restated an “outperform” rating and set a $175.00 price objective on shares of Oshkosh in a report on Monday, March 2nd. Weiss Ratings cut shares of Oshkosh from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. lowered their target price on Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Sanford C. Bernstein set a $138.00 price target on Oshkosh in a research note on Thursday, April 9th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.38.
View Our Latest Analysis on OSK
About Oshkosh
Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.
Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.
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