Raymond James Trust N.A. Invests $208,000 in Oshkosh Corp (OSK)
Raymond James Trust N.A. bought a new stake in Oshkosh Corp (NYSE:OSK) during the first quarter, Holdings Channel reports. The institutional investor bought 3,026 shares of the company’s stock, valued at approximately $208,000.
A number of other large investors also recently added to or reduced their stakes in the company. 1st Global Advisors Inc. increased its stake in Oshkosh Corp by 3.0% in the third quarter. 1st Global Advisors Inc. now owns 4,431 shares of the company’s stock valued at $248,000 after buying an additional 131 shares during the period. Boston Advisors LLC increased its stake in Oshkosh Corp by 86.7% in the third quarter. Boston Advisors LLC now owns 226,846 shares of the company’s stock valued at $12,703,000 after buying an additional 105,336 shares during the period. Great West Life Assurance Co. Can increased its stake in Oshkosh Corp by 1.4% in the third quarter. Great West Life Assurance Co. Can now owns 2,206,882 shares of the company’s stock valued at $123,442,000 after buying an additional 31,199 shares during the period. Northpointe Capital LLC increased its stake in Oshkosh Corp by 4.1% in the third quarter. Northpointe Capital LLC now owns 64,240 shares of the company’s stock valued at $3,597,000 after buying an additional 2,508 shares during the period. Finally, Mesirow Financial Investment Management Equity Management bought a new stake in Oshkosh Corp during the third quarter valued at approximately $17,988,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of Oshkosh Corp (NYSE:OSK) opened at 70.68 on Friday. The stock has a 50 day moving average of $68.89 and a 200 day moving average of $65.61. The company has a market cap of $5.27 billion, a P/E ratio of 23.74 and a beta of 1.75. Oshkosh Corp has a 52-week low of $39.24 and a 52-week high of $74.16.
Oshkosh Corp (NYSE:OSK) last posted its quarterly earnings data on Thursday, January 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.14. Oshkosh Corp had a net margin of 3.54% and a return on equity of 12.27%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the company earned $0.19 earnings per share. The firm’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Oshkosh Corp will post $3.39 earnings per share for the current fiscal year.
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OSK has been the subject of several recent analyst reports. Deutsche Bank AG cut Oshkosh Corp from a “buy” rating to a “hold” rating and decreased their price target for the stock from $72.00 to $71.00 in a research note on Wednesday, January 4th. They noted that the move was a valuation call. Zacks Investment Research upgraded Oshkosh Corp from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Tuesday, January 10th. Royal Bank of Canada upped their price objective on Oshkosh Corp from $74.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. Jefferies Group LLC upped their price objective on Oshkosh Corp from $78.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 27th. Finally, Seaport Global Securities upgraded Oshkosh Corp from an “accumulate” rating to a “buy” rating in a research report on Wednesday, February 1st. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $67.00.
In related news, insider Wilson R. Jones sold 35,000 shares of the firm’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $69.00, for a total value of $2,415,000.00. Following the completion of the transaction, the insider now directly owns 142,623 shares of the company’s stock, valued at $9,840,987. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Sagehorn sold 47,800 shares of the firm’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $71.20, for a total transaction of $3,403,360.00. Following the completion of the transaction, the vice president now directly owns 131,616 shares of the company’s stock, valued at $9,371,059.20. The disclosure for this sale can be found here. Insiders sold 133,300 shares of company stock worth $9,346,105 over the last quarter. 2.00% of the stock is owned by corporate insiders.
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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