Oshkosh Corporation (OSK) Position Lifted by Raymond James Trust N.A.
Raymond James Trust N.A. boosted its holdings in Oshkosh Corporation (NYSE:OSK) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,054 shares of the company’s stock after acquiring an additional 28 shares during the period. Raymond James Trust N.A.’s holdings in Oshkosh Corporation were worth $210,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in Oshkosh Corporation by 116.7% in the second quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock valued at $47,467,000 after acquiring an additional 371,089 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Oshkosh Corporation by 33.9% in the second quarter. BNP Paribas Arbitrage SA now owns 41,837 shares of the company’s stock valued at $2,882,000 after acquiring an additional 10,581 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Oshkosh Corporation by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 1,252,345 shares of the company’s stock valued at $85,898,000 after acquiring an additional 142,745 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Oshkosh Corporation by 22.6% in the second quarter. Prudential Financial Inc. now owns 1,091,575 shares of the company’s stock valued at $75,188,000 after acquiring an additional 201,070 shares during the last quarter. Finally, Martingale Asset Management L P acquired a new position in Oshkosh Corporation in the first quarter valued at approximately $3,133,000. Hedge funds and other institutional investors own 94.64% of the company’s stock.
A number of research analysts recently commented on OSK shares. ValuEngine upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Bank of America Corporation cut Oshkosh Corporation from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $75.00 to $60.00 in a report on Friday, July 7th. Zacks Investment Research cut Oshkosh Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $85.00 price objective on shares of Oshkosh Corporation in a report on Thursday, September 7th. Finally, BidaskClub upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $76.50.
In related news, insider Joseph H. Kimmitt sold 23,000 shares of Oshkosh Corporation stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $75.83, for a total transaction of $1,744,090.00. Following the transaction, the insider now owns 70,262 shares in the company, valued at approximately $5,327,967.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Marek W. May sold 3,200 shares of Oshkosh Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $74.89, for a total transaction of $239,648.00. Following the transaction, the vice president now owns 11,068 shares in the company, valued at approximately $828,882.52. The disclosure for this sale can be found here. Insiders have sold a total of 50,533 shares of company stock worth $3,810,466 in the last 90 days. Company insiders own 2.00% of the company’s stock.
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Shares of Oshkosh Corporation (NYSE:OSK) opened at 79.56 on Friday. Oshkosh Corporation has a 52-week low of $50.77 and a 52-week high of $80.00. The stock’s 50 day moving average price is $74.30 and its 200-day moving average price is $69.56. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 23.61 and a beta of 1.77.
Oshkosh Corporation (NYSE:OSK) last posted its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.51. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 EPS. On average, analysts predict that Oshkosh Corporation will post $3.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were issued a dividend of $0.21 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.84 annualized dividend and a dividend yield of 1.05%. Oshkosh Corporation’s payout ratio is 25.07%.
Oshkosh Corporation 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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