Oshkosh Corporation (OSK) Position Decreased by California Public Employees Retirement System
California Public Employees Retirement System cut its stake in Oshkosh Corporation (NYSE:OSK) by 8.2% during the first quarter, Holdings Channel reports. The fund owned 205,200 shares of the company’s stock after selling 18,400 shares during the period. California Public Employees Retirement System’s holdings in Oshkosh Corporation were worth $14,075,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC raised its position in shares of Oshkosh Corporation by 34.7% in the first quarter. TIAA CREF Investment Management LLC now owns 249,447 shares of the company’s stock worth $17,110,000 after buying an additional 64,219 shares during the period. Teachers Advisors LLC raised its position in shares of Oshkosh Corporation by 73.7% in the first quarter. Teachers Advisors LLC now owns 232,256 shares of the company’s stock worth $15,930,000 after buying an additional 98,534 shares during the period. Advantus Capital Management Inc raised its position in shares of Oshkosh Corporation by 3.2% in the first quarter. Advantus Capital Management Inc now owns 9,553 shares of the company’s stock worth $655,000 after buying an additional 299 shares during the period. Systematic Financial Management LP raised its position in shares of Oshkosh Corporation by 256.6% in the first quarter. Systematic Financial Management LP now owns 412,646 shares of the company’s stock worth $28,303,000 after buying an additional 296,941 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Oshkosh Corporation by 3.3% in the first quarter. Principal Financial Group Inc. now owns 306,118 shares of the company’s stock worth $20,997,000 after buying an additional 9,784 shares during the period. 95.51% of the stock is owned by hedge funds and other institutional investors.
Oshkosh Corporation (NYSE:OSK) traded down 0.73% during trading on Tuesday, hitting $68.97. 150,934 shares of the company traded hands. Oshkosh Corporation has a one year low of $44.01 and a one year high of $75.00. The firm has a 50 day moving average of $66.04 and a 200 day moving average of $68.04. The firm has a market cap of $5.16 billion, a P/E ratio of 24.71 and a beta of 1.79.
Oshkosh Corporation (NYSE:OSK) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. Oshkosh Corporation had a net margin of 3.30% and a return on equity of 12.12%. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the business posted $0.76 EPS. Oshkosh Corporation’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts expect that Oshkosh Corporation will post $3.46 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Friday, May 12th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, May 10th. This represents a $0.84 annualized dividend and a dividend yield of 1.21%. Oshkosh Corporation’s dividend payout ratio (DPR) is 30.11%.
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A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $85.00 price target on shares of Oshkosh Corporation in a report on Thursday, June 8th. ValuEngine upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Oshkosh Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Barrington Research lifted their price target on shares of Oshkosh Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Oshkosh Corporation currently has an average rating of “Buy” and a consensus target price of $70.36.
In other news, Director Steven Mizell sold 1,800 shares of the stock in a transaction on Friday, April 28th. The shares were sold at an average price of $69.80, for a total transaction of $125,640.00. Following the transaction, the director now owns 8,188 shares in the company, valued at approximately $571,522.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.
About Oshkosh Corporation
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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