Capital Fund Management S.A. Grows Holdings in Oshkosh Corporation (OSK)
Capital Fund Management S.A. grew its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 97.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,666 shares of the company’s stock after buying an additional 12,658 shares during the quarter. Capital Fund Management S.A.’s holdings in Oshkosh Corporation were worth $1,768,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in OSK. Advisors Asset Management Inc. grew its stake in Oshkosh Corporation by 9.5% during the first quarter. Advisors Asset Management Inc. now owns 1,971 shares of the company’s stock worth $135,000 after buying an additional 171 shares during the period. Comerica Bank grew its stake in Oshkosh Corporation by 4.6% during the first quarter. Comerica Bank now owns 58,684 shares of the company’s stock worth $4,165,000 after buying an additional 2,580 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Oshkosh Corporation by 221.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,555 shares of the company’s stock worth $587,000 after buying an additional 5,890 shares during the period. Swiss National Bank grew its stake in Oshkosh Corporation by 1.7% during the first quarter. Swiss National Bank now owns 122,800 shares of the company’s stock worth $8,423,000 after buying an additional 2,000 shares during the period. Finally, World Asset Management Inc grew its stake in Oshkosh Corporation by 2.0% during the first quarter. World Asset Management Inc now owns 5,554 shares of the company’s stock worth $381,000 after buying an additional 111 shares during the period. Institutional investors own 94.62% of the company’s stock.
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OSK has been the subject of several research reports. ValuEngine upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Bank of America Corporation downgraded shares of Oshkosh Corporation from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $75.00 to $60.00 in a research note on Friday, July 7th. Zacks Investment Research downgraded shares of Oshkosh Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BidaskClub upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $85.00 price objective on shares of Oshkosh Corporation in a research note on Thursday, June 8th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Oshkosh Corporation currently has an average rating of “Buy” and a consensus target price of $75.67.
In other news, Director Craig P. Omtvedt sold 7,050 shares of the 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 sale, the director now directly owns 32,374 shares of the company’s stock, valued at approximately $2,422,222.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP R Scott Grennier sold 4,883 shares of the 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 sale, the vice president now directly owns 4,912 shares in the company, valued at $365,452.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,533 shares of company stock worth $3,810,466. 2.00% of the stock is currently owned by insiders.
Oshkosh Corporation (NYSE:OSK) opened at 75.50 on Thursday. The company has a market capitalization of $5.65 billion, a PE ratio of 22.40 and a beta of 1.77. The company has a 50 day moving average price of $73.18 and a 200-day moving average price of $69.29. Oshkosh Corporation has a 12-month low of $50.77 and a 12-month high of $77.20.
Oshkosh Corporation (NYSE:OSK) last released its 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 company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. Oshkosh Corporation’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 EPS. On average, analysts anticipate that Oshkosh Corporation will post $3.95 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Wednesday, August 16th. Oshkosh Corporation’s dividend payout ratio (DPR) is currently 25.07%.
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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