Bank of America Corp DE increased its holdings in Oshkosh Corp (NYSE:OSK) by 2.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 501,999 shares of the company’s stock after acquiring an additional 13,938 shares during the period. Bank of America Corp DE owned approximately 0.69% of Oshkosh worth $35,300,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Sawtooth Solutions LLC acquired a new position in Oshkosh during the second quarter worth $202,000. Koch Industries Inc. acquired a new position in Oshkosh during the first quarter worth $231,000. Trexquant Investment LP acquired a new position in Oshkosh during the second quarter worth $218,000. Gabelli Funds LLC acquired a new position in Oshkosh during the first quarter worth $255,000. Finally, Meeder Asset Management Inc. lifted its stake in Oshkosh by 229.2% during the second quarter. Meeder Asset Management Inc. now owns 3,470 shares of the company’s stock worth $244,000 after purchasing an additional 2,416 shares in the last quarter. Institutional investors own 89.34% of the company’s stock.

A number of research analysts have commented on OSK shares. Deutsche Bank set a $77.00 price target on Oshkosh and gave the stock a “hold” rating in a research note on Wednesday, September 5th. Royal Bank of Canada restated a “buy” rating and set a $98.00 price target on shares of Oshkosh in a research note on Wednesday, August 1st. ValuEngine cut Oshkosh from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. Bank of America reduced their price objective on Oshkosh from $84.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, August 17th. Finally, KeyCorp reduced their price objective on Oshkosh from $104.00 to $88.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $89.87.

Shares of NYSE OSK opened at $71.33 on Friday. The firm has a market capitalization of $5.28 billion, a PE ratio of 16.78, a P/E/G ratio of 0.66 and a beta of 1.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.88. Oshkosh Corp has a 12-month low of $66.77 and a 12-month high of $100.26.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.18. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Oshkosh had a return on equity of 19.19% and a net margin of 5.44%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $1.84 earnings per share. analysts anticipate that Oshkosh Corp will post 6.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 30th. Investors of record on Thursday, August 16th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.35%. The ex-dividend date was Wednesday, August 15th. Oshkosh’s dividend payout ratio (DPR) is presently 22.59%.

In related news, VP David M. Sagehorn sold 45,000 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $75.40, for a total value of $3,393,000.00. Following the transaction, the vice president now owns 179,097 shares of the company’s stock, valued at $13,503,913.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Wilson R. Jones sold 47,000 shares of the stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $72.02, for a total value of $3,384,940.00. Following the completion of the transaction, the insider now directly owns 180,862 shares in the company, valued at approximately $13,025,681.24. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Oshkosh Company Profile

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.

See Also: Insider Trading

Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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