Oshkosh Corporation $OSK Stock Holdings Lessened by Pzena Investment Management LLC

Pzena Investment Management LLC trimmed its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 1.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 411,044 shares of the company’s stock after selling 4,722 shares during the period. Pzena Investment Management LLC owned approximately 0.67% of Oshkosh worth $52,951,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in OSK. Jupiter Topco LLC acquired a new position in Oshkosh during the second quarter worth $6,218,000. Expect Equity LLC bought a new stake in shares of Oshkosh during the second quarter worth $3,565,000. Bank of America Corp DE acquired a new position in shares of Oshkosh during the second quarter valued at $135,656,000. Paralel Advisors LLC acquired a new position in shares of Oshkosh during the second quarter valued at $2,409,000. Finally, The Manufacturers Life Insurance Company bought a new position in Oshkosh in the second quarter valued at about $6,588,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oshkosh

In other Oshkosh news, Director John Pfeifer sold 778 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $150.00, for a total transaction of $116,700.00. Following the sale, the director directly owned 150,669 shares in the company, valued at $22,600,350. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by insiders.

Oshkosh Stock Up 0.4%

OSK stock opened at $143.35 on Thursday. Oshkosh Corporation has a 1-year low of $116.77 and a 1-year high of $180.49. The business’s 50 day simple moving average is $139.07 and its 200 day simple moving average is $146.28. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $8.74 billion, a PE ratio of 18.10, a PEG ratio of 1.27 and a beta of 1.27.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, October 29th. The company reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.65). Oshkosh had a net margin of 4.63% and a return on equity of 11.69%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm earned $3.20 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, research analysts anticipate that Oshkosh Corporation will post 9.00 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a $0.57 dividend. The ex-dividend date is Monday, November 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.6%. Oshkosh’s dividend payout ratio (DPR) is presently 28.79%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on OSK shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research note on Friday, October 9th. Robert W. Baird upped their price target on Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Barclays increased their target price on shares of Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. DA Davidson lowered their price target on shares of Oshkosh from $168.00 to $164.00 and set a “buy” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. raised their price objective on Oshkosh from $132.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, October 30th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.50.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.

Oshkosh’s product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.