APG Asset Management N.V. Trims Position in Oshkosh Corp (NYSE:OSK)

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APG Asset Management N.V. lowered its stake in Oshkosh Corp (NYSE:OSK) by 63.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 27,623 shares of the company’s stock after selling 47,077 shares during the quarter. APG Asset Management N.V.’s holdings in Oshkosh were worth $1,777,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of OSK. Orion Portfolio Solutions LLC bought a new position in Oshkosh in the 4th quarter worth $32,000. Private Capital Group LLC raised its stake in Oshkosh by 648.0% in the first quarter. Private Capital Group LLC now owns 561 shares of the company’s stock worth $36,000 after buying an additional 486 shares in the last quarter. Chevy Chase Trust Holdings Inc. purchased a new stake in Oshkosh in the fourth quarter worth about $54,000. WASHINGTON TRUST Co bought a new stake in Oshkosh during the 1st quarter valued at approximately $64,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Oshkosh by 56.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,092 shares of the company’s stock worth $70,000 after acquiring an additional 396 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.

OSK opened at $71.62 on Wednesday. The company’s 50 day moving average is $71.10 and its 200 day moving average is $75.75. The company has a current ratio of 1.96, a quick ratio of 1.04 and a debt-to-equity ratio of 0.30. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 1.97 and a beta of 1.57. Oshkosh Corp has a 12-month low of $46.72 and a 12-month high of $95.62.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, April 29th. The company reported $1.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.25. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.80 billion. Oshkosh had a net margin of 6.02% and a return on equity of 19.08%. The company’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period last year, the firm earned $1.82 earnings per share. As a group, analysts predict that Oshkosh Corp will post 3.98 EPS for the current fiscal year.

Several research firms recently weighed in on OSK. Goldman Sachs Group upgraded Oshkosh from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, June 4th. Deutsche Bank started coverage on shares of Oshkosh in a report on Tuesday. They set a “buy” rating and a $89.00 target price on the stock. Citigroup increased their price target on shares of Oshkosh from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Bank of America lowered shares of Oshkosh from a “buy” rating to a “neutral” rating and set a $66.00 price objective on the stock. in a research note on Monday, April 13th. Finally, TheStreet upgraded shares of Oshkosh from a “c+” rating to a “b-” rating in a report on Thursday, June 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Oshkosh has an average rating of “Buy” and an average target price of $83.69.

Oshkosh Company 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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