LSV Asset Management Has $135.33 Million Stake in Oshkosh Corp (OSK)
LSV Asset Management grew its stake in shares of Oshkosh Corp (NYSE:OSK) by 98.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,207,284 shares of the company’s stock after purchasing an additional 1,095,275 shares during the period. LSV Asset Management owned about 3.15% of Oshkosh worth $135,328,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in OSK. Cambridge Investment Research Advisors Inc. increased its position in Oshkosh by 177.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,783 shares of the company’s stock worth $845,000 after purchasing an additional 8,815 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new position in shares of Oshkosh during the 4th quarter valued at about $35,000. New Amsterdam Partners LLC NY increased its holdings in shares of Oshkosh by 19.4% during the 4th quarter. New Amsterdam Partners LLC NY now owns 21,091 shares of the company’s stock valued at $1,293,000 after acquiring an additional 3,422 shares during the last quarter. Cottage Street Advisors LLC acquired a new position in shares of Oshkosh during the 4th quarter valued at about $631,000. Finally, Wright Investors Service Inc. increased its holdings in shares of Oshkosh by 5.8% during the 4th quarter. Wright Investors Service Inc. now owns 3,276 shares of the company’s stock valued at $201,000 after acquiring an additional 180 shares during the last quarter. 94.61% of the stock is owned by institutional investors and hedge funds.
OSK opened at $76.09 on Tuesday. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 0.89 and a beta of 1.94. The company has a current ratio of 1.99, a quick ratio of 1.12 and a debt-to-equity ratio of 0.34. Oshkosh Corp has a 12-month low of $51.42 and a 12-month high of $87.88.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Thursday, February 14th. Oshkosh’s dividend payout ratio (DPR) is currently 16.98%.
In other Oshkosh news, EVP Frank R. Nerenhausen sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $70.00, for a total value of $700,000.00. Following the completion of the sale, the executive vice president now owns 62,385 shares in the company, valued at approximately $4,366,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ignacio A. Cortina sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $74.66, for a total value of $373,300.00. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
OSK has been the topic of a number of analyst reports. Zacks Investment Research lowered Oshkosh from a “buy” rating to a “hold” rating in a report on Monday, January 14th. JPMorgan Chase & Co. raised Oshkosh from a “neutral” rating to an “overweight” rating and set a $80.00 price objective on the stock in a report on Thursday, January 10th. Royal Bank of Canada reissued a “buy” rating and set a $82.00 price objective on shares of Oshkosh in a report on Monday, January 7th. Bank of America raised Oshkosh from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Thursday, January 31st. Finally, SunTrust Banks increased their price objective on Oshkosh to $96.00 and gave the company a “buy” rating in a report on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $84.43.
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 services; and chassis and service parts sales.
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