Chartwell Investment Partners LLC bought a new stake in Oshkosh Corp (NYSE:OSK) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 75,936 shares of the company’s stock, valued at approximately $6,902,000. Chartwell Investment Partners LLC owned approximately 0.10% of Oshkosh at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Cerebellum GP LLC purchased a new position in shares of Oshkosh during the 4th quarter worth approximately $130,000. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Oshkosh during the 4th quarter worth approximately $203,000. Rothschild Investment Corp IL purchased a new position in shares of Oshkosh during the 4th quarter worth approximately $218,000. Essex Financial Services Inc. purchased a new position in shares of Oshkosh during the 4th quarter worth approximately $218,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Oshkosh during the 3rd quarter worth approximately $208,000. 93.08% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on OSK. ValuEngine raised shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Evercore ISI raised shares of Oshkosh from an “in-line” rating to an “outperform” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. raised their price objective on shares of Oshkosh from $80.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating and set a $97.00 price objective on shares of Oshkosh in a research note on Wednesday, November 1st. Finally, SunTrust Banks reissued a “buy” rating and set a $90.00 price objective on shares of Oshkosh in a research note on Friday, October 27th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $94.54.
In other Oshkosh news, VP James C. Freeders sold 2,300 shares of Oshkosh stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $86.70, for a total value of $199,410.00. Following the completion of the sale, the vice president now directly owns 1,786 shares of the company’s stock, valued at approximately $154,846.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Colleen R. Moynihan sold 5,325 shares of Oshkosh stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $85.85, for a total transaction of $457,151.25. The disclosure for this sale can be found here. Insiders sold a total of 33,386 shares of company stock valued at $2,988,535 over the last ninety days. 2.00% of the stock is owned by corporate insiders.
Shares of Oshkosh Corp (NYSE OSK) opened at $84.99 on Friday. The company has a market cap of $6,340.00, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 1.13 and a beta of 1.53. The company has a quick ratio of 1.08, a current ratio of 1.86 and a debt-to-equity ratio of 0.35. Oshkosh Corp has a 12 month low of $61.74 and a 12 month high of $100.26.
Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 25th. The company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.29. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Oshkosh had a net margin of 4.48% and a return on equity of 16.64%. Oshkosh’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS. equities analysts anticipate that Oshkosh Corp will post 5.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 12th will be paid a $0.24 dividend. The ex-dividend date is Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 1.13%. Oshkosh’s payout ratio is currently 23.08%.
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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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