Stone Ridge Asset Management LLC purchased a new stake in Oshkosh Corp (NYSE:OSK) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 22,661 shares of the company’s stock, valued at approximately $2,060,000.
Other large investors have also made changes to their positions in the company. Guggenheim Capital LLC lifted its stake in Oshkosh by 0.7% in the fourth quarter. Guggenheim Capital LLC now owns 140,065 shares of the company’s stock worth $12,730,000 after purchasing an additional 969 shares during the last quarter. Virtue Capital Management LLC bought a new stake in Oshkosh in the fourth quarter worth about $439,000. Kemnay Advisory Services Inc. bought a new stake in Oshkosh in the fourth quarter worth about $800,000. Advisor Group Inc. lifted its stake in Oshkosh by 311.3% in the fourth quarter. Advisor Group Inc. now owns 6,243 shares of the company’s stock worth $568,000 after purchasing an additional 4,725 shares during the last quarter. Finally, Granite Springs Asset Management LLC bought a new stake in Oshkosh in the fourth quarter worth about $1,514,000. 91.88% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the stock. ValuEngine downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Evercore ISI raised shares of Oshkosh from an “in-line” rating to an “outperform” rating in a research note on Friday, February 9th. Stifel Nicolaus raised their price objective on shares of Oshkosh from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. KeyCorp reissued a “buy” rating and issued a $104.00 price objective on shares of Oshkosh in a research note on Friday, January 26th. Finally, Robert W. Baird lowered shares of Oshkosh from an “outperform” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research report on Friday, March 2nd. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $93.43.
Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.29. The company 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 period last year, the company posted $0.26 earnings per share. research analysts anticipate that Oshkosh Corp will post 5.33 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, February 9th. Oshkosh’s payout ratio is 22.64%.
In related news, Director Leslie F. Kenne sold 1,061 shares of Oshkosh stock in a transaction that occurred on Tuesday, January 30th. The shares were 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 of the company’s stock, valued at $2,299,562.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Duncan Palmer sold 1,500 shares of Oshkosh stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $91.93, for a total transaction of $137,895.00. Following the transaction, the director now directly 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 three months, insiders have sold 6,361 shares of company stock worth $564,480. 1.60% of the stock is currently owned by corporate insiders.
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Oshkosh Company 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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