Jane Street Group LLC reduced its stake in shares of Oshkosh Co. (NYSE:OSK) by 39.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,605 shares of the company’s stock after selling 4,269 shares during the period. Jane Street Group LLC’s holdings in Oshkosh were worth $600,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cerebellum GP LLC purchased a new position in shares of Oshkosh in the 4th quarter worth approximately $130,000. Pitcairn Co. purchased a new position in shares of Oshkosh in the 4th quarter worth approximately $202,000. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Oshkosh in the 4th quarter worth approximately $203,000. Rothschild Investment Corp IL purchased a new position in shares of Oshkosh in the 4th quarter worth approximately $218,000. Finally, Essex Financial Services Inc. purchased a new position in shares of Oshkosh in the 4th quarter worth approximately $218,000. 91.87% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on OSK shares. Deutsche Bank upgraded Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Monday, March 19th. SunTrust Banks upped their price objective on Oshkosh to $102.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Zacks Investment Research downgraded Oshkosh from a “buy” rating to a “hold” rating in a research note on Thursday, March 15th. Morgan Stanley assumed coverage on Oshkosh in a research note on Friday, March 2nd. They issued an “equal weight” rating and a $86.00 price objective on the stock. Finally, Robert W. Baird downgraded Oshkosh from an “outperform” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research note on Friday, March 2nd. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $93.00.
NYSE:OSK opened at $77.66 on Friday. The firm has a market cap of $5,807.99, a price-to-earnings ratio of 16.15, a P/E/G ratio of 0.83 and a beta of 1.57. Oshkosh Co. has a 1 year low of $61.74 and a 1 year high of $100.26. The company has a current ratio of 1.86, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35.
Oshkosh (NYSE:OSK) last posted its 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 for the quarter, compared to the consensus estimate of $1.43 billion. Oshkosh had a return on equity of 16.64% and a net margin of 4.48%. The business’s quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 earnings per share. analysts predict that Oshkosh Co. will post 5.33 earnings per share for the current fiscal year.
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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; and chassis and service parts sales.
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