Capital Research Global Investors Purchases New Position in Oshkosh Corporation $OSK

Capital Research Global Investors acquired a new position in Oshkosh Corporation (NYSE:OSK) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 489,134 shares of the company’s stock, valued at approximately $63,441,000.

Several other institutional investors also recently bought and sold shares of the company. Capital World Investors grew its position in shares of Oshkosh by 0.5% during the 3rd quarter. Capital World Investors now owns 304,267 shares of the company’s stock worth $39,463,000 after buying an additional 1,622 shares in the last quarter. Vestcor Inc raised its holdings in shares of Oshkosh by 80.0% in the third quarter. Vestcor Inc now owns 8,235 shares of the company’s stock valued at $1,068,000 after acquiring an additional 3,660 shares in the last quarter. Swiss National Bank raised its holdings in shares of Oshkosh by 1.1% in the third quarter. Swiss National Bank now owns 124,700 shares of the company’s stock valued at $16,174,000 after acquiring an additional 1,300 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Oshkosh by 103.6% in the third quarter. Russell Investments Group Ltd. now owns 23,053 shares of the company’s stock worth $2,990,000 after acquiring an additional 11,733 shares during the period. Finally, Schroder Investment Management Group purchased a new stake in Oshkosh in the third quarter worth about $9,450,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Stock Down 2.5%

Shares of Oshkosh stock opened at $152.48 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The company has a market cap of $9.54 billion, a P/E ratio of 15.22, a PEG ratio of 0.79 and a beta of 1.37. The firm’s 50 day moving average price is $158.48 and its 200-day moving average price is $140.46. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $180.49.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.58 EPS. On average, sell-side analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.57 per share. The ex-dividend date was Tuesday, February 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio (DPR) is currently 22.75%.

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $169.07, for a total value of $676,280.00. Following the completion of the sale, the senior vice president owned 13,577 shares of the company’s stock, valued at $2,295,463.39. This trade represents a 22.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OSK. Bank of America raised shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 target price on the stock in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Wells Fargo & Company boosted their price objective on shares of Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Finally, DA Davidson upped their target price on Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and a consensus target price of $165.31.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.