Ameriprise Financial Inc. decreased its stake in Oshkosh Corporation (NYSE:OSK) by 29.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 748,433 shares of the company’s stock after selling 318,249 shares during the period. Ameriprise Financial Inc. owned about 1.00% of Oshkosh Corporation worth $51,553,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of OSK. BlackRock Inc. increased its holdings in shares of Oshkosh Corporation by 5,532.7% in the 1st quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock worth $441,107,000 after buying an additional 6,316,906 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Oshkosh Corporation by 85.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock worth $159,548,000 after buying an additional 1,063,971 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Oshkosh Corporation by 54.3% in the 1st quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock worth $202,350,000 after buying an additional 1,037,968 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Oshkosh Corporation by 16.8% in the 1st quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock worth $464,212,000 after buying an additional 973,348 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Oshkosh Corporation by 116.7% in the 2nd quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock worth $47,467,000 after buying an additional 371,089 shares during the last quarter. 94.64% of the stock is currently owned by hedge funds and other institutional investors.
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In related news, VP Robert S. Messina sold 3,400 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were 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 directly owns 12,558 shares of the company’s stock, valued at $944,738.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph H. Kimmitt sold 23,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $75.83, for a total transaction of $1,744,090.00. Following the completion of the sale, the insider now directly owns 70,262 shares of the company’s stock, valued at $5,327,967.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,533 shares of company stock valued at $3,810,466. 2.00% of the stock is owned by insiders.
Oshkosh Corporation (NYSE OSK) opened at 79.69 on Thursday. The firm has a 50-day moving average of $74.30 and a 200 day moving average of $69.56. Oshkosh Corporation has a one year low of $50.77 and a one year high of $79.83. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 23.65 and a beta of 1.77.
Oshkosh Corporation (NYSE:OSK) last issued its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.51. The firm had revenue of $2.04 billion during 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 revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 earnings per share. Equities research analysts predict 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 paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Wednesday, August 16th. Oshkosh Corporation’s dividend payout ratio (DPR) is presently 25.07%.
A number of equities analysts have recently commented on OSK shares. ValuEngine raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Bank of America Corporation lowered shares of Oshkosh Corporation from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $75.00 to $60.00 in a report on Friday, July 7th. Zacks Investment Research lowered shares of Oshkosh Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Oshkosh Corporation in a research note on Thursday, September 7th. Finally, BidaskClub raised shares of 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 given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $76.50.
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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