JPMorgan Chase & Co. Sells 301,035 Shares of Oshkosh Corp (OSK)

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JPMorgan Chase & Co. trimmed its position in Oshkosh Corp (NYSE:OSK) by 12.7% during the first quarter, HoldingsChannel reports. The firm owned 2,074,147 shares of the company’s stock after selling 301,035 shares during the period. JPMorgan Chase & Co.’s holdings in Oshkosh were worth $155,830,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Oshkosh during the 4th quarter worth about $26,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Oshkosh by 6,031.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,790,926 shares of the company’s stock worth $29,000 after acquiring an additional 1,761,717 shares during the period. Capital Investment Advisory Services LLC purchased a new position in shares of Oshkosh during the 4th quarter worth about $35,000. Gemmer Asset Management LLC lifted its holdings in shares of Oshkosh by 99.6% during the 1st quarter. Gemmer Asset Management LLC now owns 563 shares of the company’s stock worth $42,000 after acquiring an additional 281 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in shares of Oshkosh by 85.1% during the 4th quarter. Advisory Services Network LLC now owns 731 shares of the company’s stock worth $45,000 after acquiring an additional 336 shares during the period. Institutional investors own 89.53% of the company’s stock.

OSK opened at $76.57 on Thursday. The company has a market cap of $5.37 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 0.85 and a beta of 1.94. Oshkosh Corp has a 1 year low of $51.42 and a 1 year high of $84.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.86 and a quick ratio of 1.03.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.20. Oshkosh had a net margin of 6.76% and a return on equity of 21.98%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company earned $1.54 earnings per share. Oshkosh’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect that Oshkosh Corp will post 7.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, May 15th. Oshkosh’s dividend payout ratio (DPR) is 16.98%.

In other Oshkosh news, EVP John J. Bryant sold 4,819 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $77.85, for a total value of $375,159.15. Following the completion of the sale, the executive vice president now owns 6,309 shares of the company’s stock, valued at $491,155.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP R Scott Grennier sold 3,784 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $80.67, for a total transaction of $305,255.28. Following the completion of the sale, the vice president now directly owns 4,780 shares of the company’s stock, valued at approximately $385,602.60. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

OSK has been the topic of several recent analyst reports. ValuEngine upgraded shares of Oshkosh from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Citigroup increased their target price on shares of Oshkosh from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. downgraded shares of Oshkosh from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $80.00 to $85.00 in a research report on Wednesday, May 1st. Finally, Bank of America raised shares of Oshkosh from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Thursday, January 31st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Oshkosh has an average rating of “Hold” and an average target price of $85.21.

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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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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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