Oshkosh Corporation (NYSE:OSK) Stake Reduced by ClariVest Asset Management LLC
ClariVest Asset Management LLC cut its stake in Oshkosh Corporation (NYSE:OSK) by 3.2% during the second quarter, Holdings Channel reports. The fund owned 223,169 shares of the company’s stock after selling 7,449 shares during the period. ClariVest Asset Management LLC’s holdings in Oshkosh Corporation were worth $15,373,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Whittier Trust Co. raised its stake in shares of Oshkosh Corporation by 4.7% in the first quarter. Whittier Trust Co. now owns 8,429 shares of the company’s stock valued at $578,000 after buying an additional 379 shares during the last quarter. Greenwich Wealth Management LLC raised its stake in shares of Oshkosh Corporation by 0.3% in the first quarter. Greenwich Wealth Management LLC now owns 54,617 shares of the company’s stock valued at $3,746,000 after buying an additional 180 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of Oshkosh Corporation during the first quarter valued at approximately $355,000. Sit Investment Associates Inc. bought a new stake in shares of Oshkosh Corporation during the first quarter valued at approximately $700,000. Finally, Nationwide Fund Advisors raised its stake in shares of Oshkosh Corporation by 144.4% in the first quarter. Nationwide Fund Advisors now owns 347,154 shares of the company’s stock valued at $23,811,000 after buying an additional 205,105 shares during the last quarter. 95.09% of the stock is owned by institutional investors.
Shares of Oshkosh Corporation (NYSE OSK) opened at 73.97 on Friday. The company has a 50 day moving average of $69.99 and a 200-day moving average of $68.55. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 21.95 and a beta of 1.81. Oshkosh Corporation has a one year low of $50.77 and a one year high of $77.20.
Oshkosh Corporation (NYSE:OSK) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.51. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. On average, analysts anticipate that Oshkosh Corporation will post $3.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, August 16th. Oshkosh Corporation’s dividend payout ratio (DPR) is presently 25.07%.
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Several brokerages recently commented on OSK. Royal Bank Of Canada reissued an “outperform” rating and issued a $85.00 price target (up previously from $80.00) on shares of Oshkosh Corporation in a report on Wednesday. Zacks Investment Research lowered shares of Oshkosh Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub raised shares of Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Drexel Hamilton raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Friday, August 4th. Finally, Bank of America Corporation raised shares of Oshkosh Corporation from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $60.00 to $78.00 in a report on Thursday, August 3rd. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $75.67.
In other news, Director Craig P. Omtvedt sold 7,050 shares of Oshkosh Corporation stock in a transaction on Friday, August 4th. The stock was sold at an average price of $74.82, for a total transaction of $527,481.00. Following the completion of the transaction, the director now owns 32,374 shares of the company’s stock, valued at approximately $2,422,222.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP R Scott Grennier sold 4,883 shares of Oshkosh Corporation stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $74.40, for a total value of $363,295.20. Following the transaction, the vice president now directly owns 4,912 shares of the company’s stock, valued at approximately $365,452.80. The disclosure for this sale can be found here. Insiders have sold a total of 50,533 shares of company stock valued at $3,810,466 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.
Oshkosh Corporation 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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