First Allied Advisory Services Inc. bought a new position in Oshkosh Corp (NYSE:OSK) in the 4th quarter, HoldingsChannel.com reports. The fund bought 3,611 shares of the company’s stock, valued at approximately $326,000.
Several other institutional investors have also modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Oshkosh by 4.0% in the fourth quarter. Bank of Montreal Can now owns 14,226 shares of the company’s stock worth $1,293,000 after buying an additional 550 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Oshkosh by 0.6% in the third quarter. State Board of Administration of Florida Retirement System now owns 105,849 shares of the company’s stock worth $8,737,000 after buying an additional 660 shares during the period. ARP Americas LLC boosted its position in shares of Oshkosh by 23.4% in the third quarter. ARP Americas LLC now owns 3,687 shares of the company’s stock worth $304,000 after buying an additional 700 shares during the period. Comerica Bank boosted its position in shares of Oshkosh by 1.5% in the fourth quarter. Comerica Bank now owns 60,149 shares of the company’s stock worth $5,597,000 after buying an additional 872 shares during the period. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of Oshkosh by 13.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 8,384 shares of the company’s stock worth $762,000 after buying an additional 991 shares during the period. 92.40% of the stock is owned by institutional investors and hedge funds.
In other Oshkosh news, Director Leslie F. Kenne sold 1,061 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $90.82, for a total transaction of $96,360.02. Following the transaction, the director now directly owns 25,320 shares in the company, valued at $2,299,562.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Duncan Palmer sold 1,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,123,123.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,661 shares of company stock worth $2,584,637. Corporate insiders own 1.60% of the company’s stock.
Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 25th. The company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.29. Oshkosh had a return on equity of 16.64% and a net margin of 4.48%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company earned $0.26 earnings per share. The business’s revenue was up 31.0% compared to the same quarter last year. equities research analysts anticipate that Oshkosh Corp will post 5.32 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 1.17%. Oshkosh’s dividend payout ratio (DPR) is currently 22.64%.
A number of analysts recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price objective on shares of Oshkosh in a research report on Wednesday, November 1st. ValuEngine raised Oshkosh from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. SunTrust Banks lifted their price objective on Oshkosh to $102.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Royal Bank of Canada reissued a “buy” rating and set a $100.00 price objective on shares of Oshkosh in a research report on Thursday, November 2nd. Finally, Jefferies Group lifted their price objective on Oshkosh from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Three equities research 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 stock currently has an average rating of “Buy” and a consensus price target 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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