Bailard Inc. bought a new position in shares of Oshkosh Corp (NYSE:OSK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,240 shares of the company’s stock, valued at approximately $3,203,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Retirement Systems of Alabama boosted its stake in shares of Oshkosh by 13.4% during the fourth quarter. Retirement Systems of Alabama now owns 174,262 shares of the company’s stock worth $15,839,000 after buying an additional 20,641 shares during the period. New Mexico Educational Retirement Board acquired a new stake in shares of Oshkosh during the fourth quarter worth about $1,681,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Oshkosh by 13.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 8,384 shares of the company’s stock worth $762,000 after buying an additional 991 shares during the period. Essex Financial Services Inc. acquired a new stake in shares of Oshkosh during the fourth quarter worth about $218,000. Finally, Sigma Planning Corp acquired a new stake in shares of Oshkosh during the fourth quarter worth about $1,884,000. Institutional investors and hedge funds own 93.08% of the company’s stock.
In other Oshkosh news, VP James C. Freeders sold 2,300 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 1,786 shares of the company’s stock, valued at $154,846.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Wilson R. Jones sold 40,000 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $85.14, for a total transaction of $3,405,600.00. Following the completion of the transaction, the insider now directly owns 159,859 shares of the company’s stock, valued at $13,610,395.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,886 shares of company stock valued at $8,654,850. 2.00% of the stock is currently owned by corporate insiders.
Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the 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%. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. analysts predict that Oshkosh Corp will post 5.32 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 12th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 1.11%. Oshkosh’s dividend payout ratio (DPR) is presently 22.64%.
Several equities research analysts have recently weighed in on OSK shares. KeyCorp reiterated an “overweight” rating and set a $100.00 target price (up previously from $90.00) on shares of Oshkosh in a research note on Wednesday, November 1st. SunTrust Banks increased their target price on shares of Oshkosh to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. ValuEngine downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. JPMorgan Chase & Co. increased their target price 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. Finally, Robert W. Baird reiterated a “buy” rating and set a $97.00 target price on shares of Oshkosh in a research note on Wednesday, November 1st. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Oshkosh presently has an average rating of “Buy” and an average target price of $94.54.
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Oshkosh Company Profile
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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