Cipher Capital LP acquired a new stake in shares of Oshkosh Corp (NYSE:OSK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,268 shares of the company’s stock, valued at approximately $2,085,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. grew its holdings in Oshkosh by 22.8% during the third quarter. Macquarie Group Ltd. now owns 384,533 shares of the company’s stock worth $31,740,000 after buying an additional 71,434 shares in the last quarter. ClariVest Asset Management LLC grew its holdings in Oshkosh by 13.4% during the third quarter. ClariVest Asset Management LLC now owns 253,114 shares of the company’s stock worth $20,892,000 after buying an additional 29,945 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Oshkosh by 89.1% during the third quarter. Russell Investments Group Ltd. now owns 76,148 shares of the company’s stock worth $6,285,000 after buying an additional 35,879 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Oshkosh by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 1,578,584 shares of the company’s stock worth $130,298,000 after buying an additional 4,925 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Oshkosh by 8.9% during the third quarter. Rhumbline Advisers now owns 154,612 shares of the company’s stock worth $12,762,000 after buying an additional 12,685 shares in the last quarter. Hedge funds and other institutional investors own 93.61% of the company’s stock.
Several brokerages recently issued reports on OSK. Robert W. Baird reiterated a “buy” rating and set a $93.00 price target on shares of Oshkosh in a report on Thursday, October 12th. ValuEngine raised Oshkosh from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Oshkosh in a research report on Wednesday, August 9th. J P Morgan Chase & Co boosted their price objective on Oshkosh from $80.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Finally, Zacks Investment Research raised Oshkosh from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Wednesday, October 4th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $92.85.
Shares of Oshkosh Corp (NYSE:OSK) traded up $0.09 during midday trading on Thursday, hitting $88.00. The stock had a trading volume of 1,098,363 shares, compared to its average volume of 686,714. Oshkosh Corp has a 1 year low of $61.74 and a 1 year high of $94.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.81 and a quick ratio of 1.09. The stock has a market cap of $6,733.00, a PE ratio of 21.13, a PEG ratio of 1.19 and a beta of 1.84.
Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.36. Oshkosh had a return on equity of 15.14% and a net margin of 4.18%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. research analysts forecast that Oshkosh Corp will post 4.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were issued a dividend of $0.24 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $0.96 dividend on an annualized basis and a yield of 1.09%. Oshkosh’s dividend payout ratio is 25.53%.
In related news, VP R Scott Grennier sold 900 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $86.18, for a total transaction of $77,562.00. Following the sale, the vice president now owns 3,581 shares of the company’s stock, valued at approximately $308,610.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James W. Johnson sold 22,300 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $90.59, for a total value of $2,020,157.00. Following the sale, the vice president now directly owns 51,673 shares in the company, valued at approximately $4,681,057.07. The disclosure for this sale can be found here. Insiders have sold a total of 115,153 shares of company stock worth $9,953,433 in the last three months. 2.00% of the stock is currently owned by insiders.
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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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