Bailard Inc. Acquires Shares of 35,240 Oshkosh Corp (OSK)

Bailard Inc. acquired a new position in shares of Oshkosh Corp (NYSE:OSK) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 35,240 shares of the company’s stock, valued at approximately $3,203,000.

Several other institutional investors and hedge funds have also modified their holdings of OSK. FMR LLC increased its stake in shares of Oshkosh by 89.3% during the 2nd quarter. FMR LLC now owns 10,600 shares of the company’s stock worth $730,000 after purchasing an additional 5,000 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Oshkosh by 5.5% during the 2nd quarter. HighTower Advisors LLC now owns 3,849 shares of the company’s stock worth $264,000 after purchasing an additional 201 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Oshkosh during the 2nd quarter worth approximately $7,006,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Oshkosh by 6.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 15,647 shares of the company’s stock worth $1,078,000 after purchasing an additional 900 shares in the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of Oshkosh during the 2nd quarter worth approximately $264,000. 93.08% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on OSK shares. ValuEngine cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. SunTrust Banks reissued a “buy” rating and set a $90.00 price objective on shares of Oshkosh in a research note on Friday, October 27th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price objective on shares of Oshkosh in a research note on Wednesday, November 1st. KeyCorp restated an “overweight” rating and set a $100.00 target price (up previously from $90.00) on shares of Oshkosh in a research report on Wednesday, November 1st. Finally, Robert W. Baird restated a “buy” rating and set a $97.00 target price on shares of Oshkosh in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $94.54.

In other Oshkosh news, VP David M. Sagehorn sold 26,500 shares of Oshkosh stock in a transaction on Friday, November 17th. The shares were sold at an average price of $85.31, for a total value of $2,260,715.00. Following the transaction, the vice president now owns 159,023 shares in the company, valued at approximately $13,566,252.13. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Wilson R. Jones sold 40,000 shares of Oshkosh stock in a transaction on Friday, November 17th. The shares were sold at an average price of $85.14, for a total transaction of $3,405,600.00. Following the completion of the transaction, the insider now owns 159,859 shares in the company, valued at approximately $13,610,395.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,886 shares of company stock worth $8,654,850. 2.00% of the stock is owned by company insiders.

Shares of Oshkosh Corp (NYSE OSK) opened at $86.62 on Thursday. Oshkosh Corp has a 1 year low of $61.74 and a 1 year high of $100.26. The stock has a market cap of $6,370.65, a P/E ratio of 17.71, a P/E/G ratio of 1.11 and a beta of 1.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.86.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 25th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.29. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.43 billion. Oshkosh had a net margin of 4.48% and a return on equity of 16.64%. Oshkosh’s revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 earnings per share. analysts forecast that Oshkosh Corp will post 5.32 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 12th will be issued a $0.24 dividend. The ex-dividend date is Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.11%. Oshkosh’s dividend payout ratio (DPR) is presently 22.64%.

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

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