Nationwide Fund Advisors Sells 1,669 Shares of Oshkosh Corporation (OSK)
Nationwide Fund Advisors decreased its stake in shares of Oshkosh Corporation (NYSE:OSK) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 345,485 shares of the company’s stock after selling 1,669 shares during the quarter. Nationwide Fund Advisors owned approximately 0.46% of Oshkosh Corporation worth $23,797,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of OSK. BlackRock Inc. increased its holdings in Oshkosh Corporation by 5,532.7% during the 1st 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. JPMorgan Chase & Co. increased its holdings in Oshkosh Corporation by 85.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock worth $159,548,000 after purchasing an additional 1,063,971 shares during the period. AQR Capital Management LLC increased its holdings in Oshkosh Corporation by 54.3% during the 1st 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. Vanguard Group Inc. increased its holdings in Oshkosh Corporation by 16.8% during the 1st 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. Finally, American Century Companies Inc. increased its holdings in Oshkosh Corporation by 116.7% during the 2nd quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock worth $47,467,000 after purchasing an additional 371,089 shares during the period. Institutional investors own 94.62% of the company’s stock.
In other Oshkosh Corporation news, insider Joseph H. Kimmitt sold 23,000 shares of Oshkosh Corporation stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $75.83, for a total value of $1,744,090.00. Following the completion of the transaction, the insider now directly owns 70,262 shares in the company, valued at $5,327,967.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP R Scott Grennier sold 4,883 shares of Oshkosh Corporation stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $74.40, for a total value of $363,295.20. Following the completion of the transaction, the vice president now owns 4,912 shares of the company’s stock, valued at $365,452.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,533 shares of company stock valued at $3,810,466. 2.00% of the stock is currently owned by insiders.
Shares of Oshkosh Corporation (NYSE:OSK) opened at 77.13 on Friday. The firm has a market capitalization of $5.77 billion, a PE ratio of 22.89 and a beta of 1.77. The company has a 50 day moving average price of $73.69 and a 200-day moving average price of $69.44. Oshkosh Corporation has a 12 month low of $50.77 and a 12 month high of $77.22.
Oshkosh Corporation (NYSE:OSK) last issued its earnings results on Wednesday, August 2nd. The company reported $1.84 EPS for the quarter, beating 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 company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm posted $1.13 earnings per share. Oshkosh Corporation’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts expect that Oshkosh Corporation will post $3.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.84 dividend on an annualized basis and a yield of 1.09%. Oshkosh Corporation’s payout ratio is currently 25.07%.
Several brokerages have weighed in on OSK. Royal Bank Of Canada restated an “outperform” rating and set a $85.00 price target (up previously from $80.00) on shares of Oshkosh Corporation in a report on Wednesday, August 9th. Zacks Investment Research downgraded Oshkosh Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. 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 target on the stock in a report on Friday, August 4th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $75.67.
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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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