LSV Asset Management Grows Stake in Oshkosh Corp (OSK)

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LSV Asset Management grew its position in Oshkosh Corp (NYSE:OSK) by 98.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,207,284 shares of the company’s stock after purchasing an additional 1,095,275 shares during the period. LSV Asset Management’s holdings in Oshkosh were worth $135,328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Oshkosh by 177.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 13,783 shares of the company’s stock valued at $845,000 after purchasing an additional 8,815 shares in the last quarter. Capital Investment Advisory Services LLC bought a new stake in Oshkosh during the fourth quarter worth about $35,000. New Amsterdam Partners LLC NY raised its holdings in Oshkosh by 19.4% during the fourth quarter. New Amsterdam Partners LLC NY now owns 21,091 shares of the company’s stock worth $1,293,000 after acquiring an additional 3,422 shares in the last quarter. Cottage Street Advisors LLC bought a new stake in Oshkosh during the fourth quarter worth about $631,000. Finally, Wright Investors Service Inc. raised its holdings in Oshkosh by 5.8% during the fourth quarter. Wright Investors Service Inc. now owns 3,276 shares of the company’s stock worth $201,000 after acquiring an additional 180 shares in the last quarter. 94.61% of the stock is owned by institutional investors.

Several analysts recently issued reports on OSK shares. Zacks Investment Research upgraded Oshkosh from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Friday, February 1st. Bank of America upgraded Oshkosh from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Thursday, January 31st. SunTrust Banks boosted their price target on Oshkosh to $96.00 and gave the stock a “buy” rating in a research report on Friday, November 2nd. Royal Bank of Canada reissued a “buy” rating and set a $82.00 price target on shares of Oshkosh in a research report on Monday, January 7th. Finally, JPMorgan Chase & Co. raised Oshkosh from a “neutral” rating to an “overweight” rating and set a $80.00 price target on the stock in a research report on Thursday, January 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $84.43.

In other news, EVP Ignacio A. Cortina sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $74.66, for a total value of $373,300.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Tina R. Schoner bought 630 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was purchased at an average cost of $66.78 per share, for a total transaction of $42,071.40. Following the transaction, the senior vice president now directly owns 630 shares of the company’s stock, valued at approximately $42,071.40. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by corporate insiders.

Oshkosh stock opened at $76.09 on Tuesday. Oshkosh Corp has a 12 month low of $51.42 and a 12 month high of $87.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.12 and a current ratio of 1.99. The company has a market capitalization of $5.33 billion, a PE ratio of 11.96, a PEG ratio of 0.89 and a beta of 1.94.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, January 30th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $0.94 by $0.67. Oshkosh had a return on equity of 21.83% and a net margin of 6.62%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts anticipate that Oshkosh Corp will post 7.48 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, February 14th. Oshkosh’s payout ratio is 16.98%.

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Oshkosh Profile

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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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).

Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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