Oshkosh Corporation (OSK) Stake Cut by Highland Capital Management LLC
Highland Capital Management LLC cut its stake in Oshkosh Corporation (NYSE:OSK) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 143,765 shares of the company’s stock after selling 1,075 shares during the period. Highland Capital Management LLC’s holdings in Oshkosh Corporation were worth $9,903,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Oshkosh Corporation by 16.8% in the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock valued at $464,212,000 after buying an additional 973,348 shares during the last quarter. BlackRock Inc. boosted its stake in Oshkosh Corporation by 5,532.7% in the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock valued at $441,107,000 after buying an additional 6,316,906 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Oshkosh Corporation by 4.4% in the first quarter. Alliancebernstein L.P. now owns 4,279,772 shares of the company’s stock valued at $293,550,000 after buying an additional 178,674 shares during the last quarter. Aristotle Capital Management LLC boosted its stake in Oshkosh Corporation by 4.6% in the first quarter. Aristotle Capital Management LLC now owns 4,268,889 shares of the company’s stock valued at $292,803,000 after buying an additional 188,368 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Oshkosh Corporation by 54.3% in the first quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock valued at $202,350,000 after buying an additional 1,037,968 shares during the last quarter. 94.54% of the stock is owned by hedge funds and other institutional investors.
Shares of Oshkosh Corporation (OSK) traded up 0.78% during mid-day trading on Thursday, reaching $68.78. 567,786 shares of the company were exchanged. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 24.64 and a beta of 1.82. Oshkosh Corporation has a 12 month low of $48.04 and a 12 month high of $75.00. The firm’s 50-day moving average is $67.47 and its 200-day moving average is $68.08.
Oshkosh Corporation (NYSE:OSK) last posted its earnings results on Wednesday, April 26th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Oshkosh Corporation had a net margin of 3.30% and a return on equity of 12.12%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the business posted $0.76 EPS. Oshkosh Corporation’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that Oshkosh Corporation will post $3.47 earnings per share for the current fiscal year.
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Several analysts have commented on OSK shares. Zacks Investment Research raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Saturday, April 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $85.00 target price on shares of Oshkosh Corporation in a research note on Friday, March 31st. Bank of America Corporation cut shares of Oshkosh Corporation from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $75.00 to $60.00 in a research note on Friday, July 7th. Barrington Research boosted their price objective on shares of Oshkosh Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Finally, Deutsche Bank AG boosted their price objective on shares of Oshkosh Corporation from $73.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, April 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $70.18.
In related news, Director Steven Mizell sold 1,800 shares of the firm’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $69.80, for a total value of $125,640.00. Following the transaction, the director now directly owns 8,188 shares in the company, valued at approximately $571,522.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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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