JPMorgan Chase & Co. Purchases 7,339 Shares of Oshkosh Corporation $OSK

JPMorgan Chase & Co. boosted its position in Oshkosh Corporation (NYSE:OSK) by 4.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 175,693 shares of the company’s stock after acquiring an additional 7,339 shares during the quarter. JPMorgan Chase & Co.’s holdings in Oshkosh were worth $22,789,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OSK. Norges Bank acquired a new stake in shares of Oshkosh in the second quarter valued at about $98,570,000. American Century Companies Inc. boosted its stake in Oshkosh by 22.8% during the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after purchasing an additional 529,907 shares during the period. AQR Capital Management LLC grew its holdings in Oshkosh by 25.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after buying an additional 345,782 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Oshkosh by 1,245.4% during the third quarter. Allianz Asset Management GmbH now owns 217,365 shares of the company’s stock worth $28,192,000 after buying an additional 201,209 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Oshkosh by 616.7% during the second quarter. Amundi now owns 224,765 shares of the company’s stock worth $27,529,000 after buying an additional 193,406 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OSK. Argus dropped their target price on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Barclays assumed coverage on shares of Oshkosh in a report on Tuesday, November 25th. They set an “overweight” rating and a $150.00 price objective on the stock. Morgan Stanley reduced their target price on shares of Oshkosh from $155.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 3rd. DA Davidson boosted their price target on Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oshkosh in a report on Thursday, January 22nd. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Oshkosh has an average rating of “Moderate Buy” and an average target price of $162.00.

Oshkosh Stock Down 1.4%

Shares of OSK opened at $169.69 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $153.46 and a two-hundred day moving average price of $139.26. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 0.86 and a beta of 1.37. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $180.49.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.07). The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.58 earnings per share. Equities analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.3%. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio is presently 22.75%.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.