LSV Asset Management Reduces Position in Oshkosh Corp. (OSK)
LSV Asset Management reduced its stake in shares of Oshkosh Corp. (NYSE:OSK) by 4.3% during the third quarter, Holdings Channel reports. The firm owned 1,385,403 shares of the company’s stock after selling 62,000 shares during the period. LSV Asset Management’s holdings in Oshkosh Corp. were worth $77,582,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. BlackRock Japan Co. Ltd purchased a new position in shares of Oshkosh Corp. during the second quarter valued at about $127,000. US Bancorp DE raised its position in shares of Oshkosh Corp. by 1.1% in the second quarter. US Bancorp DE now owns 3,154 shares of the company’s stock valued at $150,000 after buying an additional 34 shares during the period. Pacer Advisors Inc. purchased a new position in shares of Oshkosh Corp. during the second quarter valued at about $201,000. 1st Global Advisors Inc. purchased a new position in shares of Oshkosh Corp. during the second quarter valued at about $205,000. Finally, Oarsman Capital Inc. purchased a new position in shares of Oshkosh Corp. during the second quarter valued at about $208,000. 98.55% of the stock is owned by institutional investors.
Oshkosh Corp. (NYSE:OSK) opened at 69.69 on Wednesday. The company has a market capitalization of $5.19 billion, a PE ratio of 23.95 and a beta of 1.68. Oshkosh Corp. has a 12-month low of $29.59 and a 12-month high of $70.39. The firm has a 50-day moving average of $58.60 and a 200 day moving average of $52.67.
Oshkosh Corp. (NYSE:OSK) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.21. The firm earned $1.76 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Oshkosh Corp. had a net margin of 3.45% and a return on equity of 12.31%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. Analysts forecast that Oshkosh Corp. will post $3.34 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.21 per share. This is a boost from Oshkosh Corp.’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, November 15th. Oshkosh Corp.’s dividend payout ratio (DPR) is currently 28.97%.
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OSK has been the subject of a number of research analyst reports. Credit Suisse Group AG raised shares of Oshkosh Corp. from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $50.00 to $54.00 in a research note on Monday, September 26th. Stifel Nicolaus reduced their target price on shares of Oshkosh Corp. from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Monday, September 26th. Bank of America Corp. set a $62.00 target price on shares of Oshkosh Corp. and gave the stock a “buy” rating in a research note on Saturday, September 17th. JPMorgan Chase & Co. raised shares of Oshkosh Corp. from a “neutral” rating to an “overweight” rating and set a $60.00 target price for the company in a research note on Monday, September 26th. Finally, Macquarie reduced their target price on shares of Oshkosh Corp. from $53.50 to $50.00 and set a “neutral” rating for the company in a research note on Monday, September 26th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $57.47.
In other news, Director Richard G. Sim sold 4,225 shares of Oshkosh Corp. stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $66.50, for a total transaction of $280,962.50. Following the completion of the transaction, the director now directly owns 4,225 shares in the company, valued at $280,962.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard G. Sim sold 2,300 shares of Oshkosh Corp. stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $54.60, for a total transaction of $125,580.00. Following the transaction, the director now owns 41,953 shares of the company’s stock, valued at $2,290,633.80. The disclosure for this sale can be found here. 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.
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