Essex Financial Services Inc. bought a new position in shares of Oshkosh Corp (NYSE:OSK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,400 shares of the company’s stock, valued at approximately $218,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC acquired a new stake in Oshkosh during the second quarter worth approximately $7,006,000. Prudential Financial Inc. boosted its position in Oshkosh by 11.0% during the third quarter. Prudential Financial Inc. now owns 1,211,995 shares of the company’s stock worth $100,038,000 after acquiring an additional 120,420 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Oshkosh by 2.0% during the third quarter. Parametric Portfolio Associates LLC now owns 369,459 shares of the company’s stock worth $30,495,000 after acquiring an additional 7,378 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Oshkosh by 18.4% during the third quarter. JPMorgan Chase & Co. now owns 2,742,675 shares of the company’s stock worth $226,765,000 after acquiring an additional 426,359 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in Oshkosh by 131.9% during the third quarter. Allianz Asset Management GmbH now owns 85,855 shares of the company’s stock worth $7,087,000 after acquiring an additional 48,830 shares during the last quarter. Hedge funds and other institutional investors own 93.08% of the company’s stock.
In other news, Director Duncan Palmer sold 1,500 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $91.93, for a total value of $137,895.00. Following the transaction, the director now owns 23,095 shares of the company’s stock, valued at approximately $2,123,123.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David M. Sagehorn sold 26,500 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $85.31, for a total transaction of $2,260,715.00. Following the completion of the transaction, the vice president now directly owns 159,023 shares in the company, valued at approximately $13,566,252.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,586 shares of company stock worth $8,455,440. 1.60% of the stock is currently owned by insiders.
Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.29. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share. equities analysts expect 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 paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Friday, February 9th. Oshkosh’s dividend payout ratio is currently 22.64%.
OSK has been the topic of a number of analyst reports. Stifel Nicolaus raised their target price on shares of Oshkosh from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. KeyCorp restated a “buy” rating and set a $104.00 target price on shares of Oshkosh in a research report on Friday, January 26th. SunTrust Banks restated a “buy” rating on shares of Oshkosh in a research report on Friday, January 26th. ValuEngine upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Royal Bank of Canada restated a “buy” rating and set a $100.00 target price on shares of Oshkosh in a research report on Thursday, November 2nd. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $94.54.
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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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