Verition Fund Management LLC boosted its holdings in Oshkosh Corp (NYSE:OSK) by 252.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,251 shares of the company’s stock after purchasing an additional 18,632 shares during the quarter. Verition Fund Management LLC’s holdings in Oshkosh were worth $1,023,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of OSK. Crossmark Global Holdings Inc. bought a new stake in Oshkosh in the third quarter worth approximately $481,000. Victory Capital Management Inc. increased its holdings in Oshkosh by 16.2% in the third quarter. Victory Capital Management Inc. now owns 18,896 shares of the company’s stock worth $1,560,000 after purchasing an additional 2,632 shares in the last quarter. CIBC Asset Management Inc bought a new stake in Oshkosh in the third quarter worth approximately $208,000. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Oshkosh by 160.8% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,380 shares of the company’s stock worth $1,600,000 after purchasing an additional 11,950 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Oshkosh by 8.9% in the third quarter. Rhumbline Advisers now owns 154,612 shares of the company’s stock worth $12,762,000 after purchasing an additional 12,685 shares in the last quarter. Institutional investors and hedge funds own 91.88% of the company’s stock.
A number of brokerages have weighed in on OSK. ValuEngine downgraded Oshkosh from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Zacks Investment Research downgraded Oshkosh from a “buy” rating to a “hold” rating in a report on Thursday. SunTrust Banks reiterated a “buy” rating on shares of Oshkosh in a report on Friday, January 26th. Robert W. Baird downgraded Oshkosh from an “outperform” rating to a “neutral” rating and set a $90.00 target price for the company. in a report on Friday, March 2nd. Finally, KeyCorp reiterated a “buy” rating and issued a $104.00 target price on shares of Oshkosh in a report on Friday, January 26th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $93.43.
Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.29. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.43 billion. Oshkosh had a return on equity of 16.64% and a net margin of 4.48%. The company’s quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. sell-side analysts expect that Oshkosh Corp will post 5.33 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.21%. Oshkosh’s dividend payout ratio is 22.64%.
In other news, VP James C. Freeders sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $86.70, for a total transaction of $199,410.00. Following the completion of the sale, the vice president now owns 1,786 shares in the company, valued at $154,846.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Leslie F. Kenne sold 1,061 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $90.82, for a total value of $96,360.02. Following the sale, the director now owns 25,320 shares of the company’s stock, valued at approximately $2,299,562.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,361 shares of company stock valued at $564,480. Corporate insiders own 2.00% of the company’s stock.
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.
Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Corp (NYSE:OSK).
Receive News & Ratings for Oshkosh Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh and related companies with MarketBeat.com's FREE daily email newsletter.