Macquarie Group Ltd. Has $1,183,000 Position in Oshkosh Corp. (OSK)
Macquarie Group Ltd. reduced its position in shares of Oshkosh Corp. (NYSE:OSK) by 69.4% during the second quarter, Holdings Channel reports. The firm owned 24,800 shares of the company’s stock after selling 56,252 shares during the period. Macquarie Group Ltd.’s holdings in Oshkosh Corp. were worth $1,183,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Prudential PLC boosted its stake in Oshkosh Corp. by 36.4% in the first quarter. Prudential PLC now owns 123,744 shares of the company’s stock worth $5,057,000 after buying an additional 33,040 shares in the last quarter. Geode Capital Management LLC boosted its stake in Oshkosh Corp. by 1.8% in the first quarter. Geode Capital Management LLC now owns 464,339 shares of the company’s stock worth $18,977,000 after buying an additional 7,994 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Oshkosh Corp. during the first quarter worth approximately $470,000. Canada Pension Plan Investment Board boosted its stake in Oshkosh Corp. by 34.7% in the first quarter. Canada Pension Plan Investment Board now owns 126,286 shares of the company’s stock worth $5,161,000 after buying an additional 32,500 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Oshkosh Corp. by 128.5% in the first quarter. JPMorgan Chase & Co. now owns 84,426 shares of the company’s stock worth $3,449,000 after buying an additional 47,484 shares in the last quarter. 95.60% of the stock is currently owned by institutional investors.
Shares of Oshkosh Corp. (NYSE:OSK) opened at 56.14 on Wednesday. The company has a 50-day moving average of $54.46 and a 200 day moving average of $46.93. Oshkosh Corp. has a 52 week low of $29.59 and a 52 week high of $57.75. The firm has a market capitalization of $4.13 billion, a P/E ratio of 20.59 and a beta of 1.98.
Oshkosh Corp. (NYSE:OSK) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.13. Oshkosh Corp. had a net margin of 3.36% and a return on equity of 11.02%. The firm earned $1.75 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm posted $1.13 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. Equities research analysts anticipate that Oshkosh Corp. will post $2.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Monday, August 15th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.35%. The ex-dividend date was Thursday, August 11th. Oshkosh Corp.’s dividend payout ratio (DPR) is currently 27.94%.
OSK has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Oshkosh Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. Deutsche Bank AG initiated coverage on shares of Oshkosh Corp. in a research report on Tuesday, September 6th. They issued a “buy” rating and a $62.00 price objective for the company. Stifel Nicolaus upped their price objective on shares of Oshkosh Corp. from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Royal Bank Of Canada upgraded shares of Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $46.00 to $63.00 in a research report on Friday, July 29th. Finally, Jefferies Group upped their price objective on shares of Oshkosh Corp. from $53.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, July 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $52.53.
In other Oshkosh Corp. news, VP Robert S. Messina sold 2,500 shares of Oshkosh Corp. stock in a transaction on Friday, August 19th. The shares were sold at an average price of $54.18, for a total value of $135,450.00. Following the completion of the sale, the vice president now directly owns 9,063 shares of the company’s stock, valued at $491,033.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard G. Sim sold 3,400 shares of Oshkosh Corp. stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $53.95, for a total transaction of $183,430.00. Following the completion of the sale, the director now directly owns 50,553 shares of the company’s stock, valued at $2,727,334.35. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.
About Oshkosh Corp.
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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