Oshkosh Corp. (OSK) Shares Bought by Retirement Systems of Alabama
Retirement Systems of Alabama boosted its position in shares of Oshkosh Corp. (NYSE:OSK) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,640 shares of the company’s stock after buying an additional 366 shares during the period. Retirement Systems of Alabama’s holdings in Oshkosh Corp. were worth $4,515,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. 1st Global Advisors Inc. purchased a new position in shares of Oshkosh Corp. during the second quarter worth approximately $205,000. LS Investment Advisors LLC raised its stake in Oshkosh Corp. by 76.2% in the second quarter. LS Investment Advisors LLC now owns 4,522 shares of the company’s stock valued at $216,000 after buying an additional 1,955 shares during the period. Meeder Asset Management Inc. bought a new stake in Oshkosh Corp. during the second quarter valued at about $257,000. Creative Planning raised its stake in Oshkosh Corp. by 685.0% in the second quarter. Creative Planning now owns 7,246 shares of the company’s stock valued at $346,000 after buying an additional 6,323 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in Oshkosh Corp. during the first quarter valued at about $470,000. 95.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Oshkosh Corp. (NYSE:OSK) traded down 1.01% during trading on Friday, hitting $52.75. The stock had a trading volume of 527,565 shares. Oshkosh Corp. has a 52 week low of $29.59 and a 52 week high of $57.75. The company has a market capitalization of $3.88 billion, a PE ratio of 19.34 and a beta of 1.89. The firm has a 50-day moving average price of $54.82 and a 200 day moving average price of $48.78.
Oshkosh Corp. (NYSE:OSK) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.13. The company earned $1.75 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Oshkosh Corp. had a return on equity of 11.02% and a net margin of 3.36%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 earnings per share. Equities analysts anticipate that Oshkosh Corp. will post $2.91 earnings per share for the current year.
Several analysts have recently issued reports on OSK shares. Deutsche Bank AG started coverage on Oshkosh Corp. in a report on Tuesday, September 6th. They set a “buy” rating and a $62.00 target price on the stock. Bank of America Corp. raised Oshkosh Corp. from a “neutral” rating to a “buy” rating in a report on Thursday, August 18th. Credit Suisse Group AG raised Oshkosh Corp. from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $50.00 to $54.00 in a report on Monday, September 26th. Jefferies Group increased their target price on Oshkosh Corp. from $53.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, July 15th. Finally, Royal Bank Of Canada raised Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $46.00 to $63.00 in a report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $54.94.
In related news, Director Richard G. Sim sold 6,700 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $53.69, for a total transaction of $359,723.00. Following the completion of the transaction, the director now directly owns 43,853 shares in the company, valued at $2,354,467.57. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP R Scott Grennier sold 1,000 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $54.78, for a total value of $54,780.00. Following the transaction, the vice president now owns 6,336 shares of the company’s stock, valued at $347,086.08. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.
Oshkosh Corp. Company Profile
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.
Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Corp. (NYSE:OSK).
Receive News & Ratings for Oshkosh Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh Corp. and related companies with MarketBeat.com's FREE daily email newsletter.