Princeton Alpha Management LP Sells 3,658 Shares of Oshkosh Corp (OSK)

Princeton Alpha Management LP reduced its position in shares of Oshkosh Corp (NYSE:OSK) by 37.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,218 shares of the company’s stock after selling 3,658 shares during the period. Princeton Alpha Management LP’s holdings in Oshkosh Corp were worth $426,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of OSK. Pacer Advisors Inc. boosted its stake in shares of Oshkosh Corp by 25.2% in the third quarter. Pacer Advisors Inc. now owns 5,267 shares of the company’s stock worth $295,000 after buying an additional 1,059 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Oshkosh Corp by 72.9% in the third quarter. Riverhead Capital Management LLC now owns 11,600 shares of the company’s stock valued at $650,000 after buying an additional 4,890 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Oshkosh Corp by 4.5% in the third quarter. Principal Financial Group Inc. now owns 288,850 shares of the company’s stock valued at $16,175,000 after buying an additional 12,470 shares during the period. Northern Trust Corp boosted its stake in shares of Oshkosh Corp by 5.1% in the third quarter. Northern Trust Corp now owns 800,242 shares of the company’s stock valued at $44,813,000 after buying an additional 38,852 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Oshkosh Corp by 0.8% in the third quarter. California State Teachers Retirement System now owns 159,676 shares of the company’s stock valued at $8,942,000 after buying an additional 1,300 shares during the period. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Oshkosh Corp (NYSE:OSK)

Oshkosh Corp (NYSE:OSK) traded up 3.19% on Friday, hitting $64.44. 670,643 shares of the stock were exchanged. The company’s 50 day moving average price is $68.23 and its 200-day moving average price is $67.63. Oshkosh Corp has a one year low of $44.01 and a one year high of $75.00. The company has a market cap of $4.82 billion, a P/E ratio of 23.09 and a beta of 1.75.

Oshkosh Corp (NYSE:OSK) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.62 billion. Oshkosh Corp had a return on equity of 12.27% and a net margin of 3.54%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 EPS. Equities research analysts predict that Oshkosh Corp will post $3.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 12th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Wednesday, May 10th. Oshkosh Corp’s dividend payout ratio (DPR) is 28.28%.

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Several equities analysts have weighed in on the stock. Jefferies Group LLC raised their target price on shares of Oshkosh Corp from $78.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 27th. Royal Bank of Canada restated an “outperform” rating and set a $79.00 target price (up from $74.00) on shares of Oshkosh Corp in a report on Friday, January 27th. Barrington Research lifted their price target on shares of Oshkosh Corp from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Seaport Global Securities upgraded shares of Oshkosh Corp from an “accumulate” rating to a “buy” rating in a report on Wednesday, February 1st. Finally, Zacks Investment Research downgraded shares of Oshkosh Corp from a “buy” rating to a “hold” rating in a report on Wednesday, February 1st. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $70.36.

In other news, Director William S. Wallace sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $68.69, for a total transaction of $171,725.00. Following the completion of the sale, the director now directly owns 24,482 shares in the company, valued at approximately $1,681,668.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven Mizell sold 1,800 shares of the company’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $69.80, for a total value of $125,640.00. Following the sale, the director now owns 8,188 shares of the company’s stock, valued at $571,522.40. The disclosure for this sale can be found here. Insiders have sold a total of 75,346 shares of company stock worth $5,298,667 in the last ninety days. Insiders own 2.00% of the company’s stock.

Oshkosh Corp 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.

5 Day Chart for NYSE:OSK

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