Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of Oshkosh Corp (NYSE:OSK) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,158 shares of the company’s stock after buying an additional 255 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Oshkosh Corp were worth $1,177,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of OSK. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Oshkosh Corp by 48.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,855 shares of the company’s stock worth $120,000 after buying an additional 603 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Oshkosh Corp during the fourth quarter valued at $121,000. US Bancorp DE boosted its position in Oshkosh Corp by 8.2% in the third quarter. US Bancorp DE now owns 3,412 shares of the company’s stock valued at $191,000 after buying an additional 258 shares during the period. Raymond James Trust N.A. purchased a new position in Oshkosh Corp during the first quarter valued at $208,000. Finally, Sowell Financial Services LLC purchased a new position in Oshkosh Corp during the fourth quarter valued at $210,000. 94.60% of the stock is owned by hedge funds and other institutional investors.
Oshkosh Corp (NYSE:OSK) traded up 0.08% during mid-day trading on Friday, hitting $70.74. 596,480 shares of the stock traded hands. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 23.76 and a beta of 1.75. The company’s 50 day moving average price is $68.89 and its 200-day moving average price is $65.61. Oshkosh Corp has a 1-year low of $39.24 and a 1-year high of $74.16.
Oshkosh Corp (NYSE:OSK) last released its quarterly earnings data on Thursday, January 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.14. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Oshkosh Corp had a net margin of 3.54% and a return on equity of 12.27%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 earnings per share. Analysts predict that Oshkosh Corp will post $3.39 earnings per share for the current year.
Several research firms recently weighed in on OSK. Jefferies Group LLC boosted their price target on shares of Oshkosh Corp from $78.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Royal Bank of Canada restated an “outperform” rating and set a $79.00 price target (up from $74.00) on shares of Oshkosh Corp in a report on Friday, January 27th. Seaport Global Securities upgraded shares of Oshkosh Corp from an “accumulate” rating to a “buy” rating in a report on Wednesday, February 1st. Zacks Investment Research cut shares of Oshkosh Corp from a “buy” rating to a “hold” rating in a report on Wednesday, February 1st. Finally, Deutsche Bank AG boosted their price target on shares of Oshkosh Corp from $73.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, April 6th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $67.00.
In related news, VP David M. Sagehorn sold 47,800 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $71.20, for a total value of $3,403,360.00. Following the sale, the vice president now owns 131,616 shares in the company, valued at $9,371,059.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Frank R. Nerenhausen sold 23,000 shares of the business’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $68.74, for a total transaction of $1,581,020.00. Following the completion of the sale, the executive vice president now owns 41,118 shares in the company, valued at approximately $2,826,451.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 133,300 shares of company stock worth $9,346,105. Company insiders own 2.00% of the company’s stock.
About Oshkosh Corp
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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