Oshkosh Corporation (OSK) Shares Bought by Swiss National Bank
Swiss National Bank lifted its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,300 shares of the company’s stock after purchasing an additional 1,500 shares during the quarter. Swiss National Bank owned 0.17% of Oshkosh Corporation worth $8,562,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Oshkosh Corporation by 16.8% during the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock worth $464,212,000 after purchasing an additional 973,348 shares during the period. BlackRock Inc. raised its position in shares of Oshkosh Corporation by 5,532.7% during the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock worth $441,107,000 after purchasing an additional 6,316,906 shares during the period. Alliancebernstein L.P. raised its position in shares of Oshkosh Corporation by 4.4% during the first quarter. Alliancebernstein L.P. now owns 4,279,772 shares of the company’s stock worth $293,550,000 after purchasing an additional 178,674 shares during the period. Aristotle Capital Management LLC raised its position in shares of Oshkosh Corporation by 4.6% during the first quarter. Aristotle Capital Management LLC now owns 4,268,889 shares of the company’s stock worth $292,803,000 after purchasing an additional 188,368 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Oshkosh Corporation by 54.3% during the first quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock worth $202,350,000 after purchasing an additional 1,037,968 shares during the period. 94.62% of the stock is currently owned by institutional investors.
In related news, VP Marek W. May sold 3,200 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $74.89, for a total value of $239,648.00. Following the sale, the vice president now owns 11,068 shares in the company, valued at $828,882.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert S. Messina sold 3,400 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $75.23, for a total value of $255,782.00. Following the completion of the sale, the vice president now owns 12,558 shares in the company, valued at approximately $944,738.34. The disclosure for this sale can be found here. Insiders sold 50,533 shares of company stock worth $3,810,466 in the last quarter. 2.00% of the stock is currently owned by company insiders.
A number of research firms have recently commented on OSK. Zacks Investment Research lowered Oshkosh Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada increased their price objective on Oshkosh Corporation from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Deutsche Bank AG increased their price objective on Oshkosh Corporation from $79.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. BidaskClub upgraded Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Finally, Drexel Hamilton upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Friday, August 4th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $75.67.
Oshkosh Corporation (NYSE:OSK) opened at 75.98 on Friday. The firm has a market cap of $5.69 billion, a PE ratio of 22.55 and a beta of 1.77. The stock’s 50 day moving average price is $73.49 and its 200-day moving average price is $69.38. Oshkosh Corporation has a 12-month low of $50.77 and a 12-month high of $77.20.
Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company earned $1.13 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities research analysts anticipate that Oshkosh Corporation will post $3.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were given a $0.21 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.11%. Oshkosh Corporation’s dividend payout ratio (DPR) is presently 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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