Oshkosh Corp (OSK) Position Lifted by Legal & General Group Plc
Legal & General Group Plc increased its holdings in shares of Oshkosh Corp (NYSE:OSK) by 6.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,960 shares of the company’s stock after acquiring an additional 5,911 shares during the period. Legal & General Group Plc owned approximately 0.14% of Oshkosh worth $8,500,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC acquired a new position in Oshkosh during the second quarter worth $7,006,000. American Century Companies Inc. grew its holdings in Oshkosh by 116.7% during the second quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock worth $47,467,000 after acquiring an additional 371,089 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Oshkosh by 33.9% during the second quarter. BNP Paribas Arbitrage SA now owns 41,837 shares of the company’s stock worth $2,882,000 after acquiring an additional 10,581 shares during the period. JPMorgan Chase & Co. grew its holdings in Oshkosh by 85.0% in the second quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock valued at $159,548,000 after purchasing an additional 1,063,971 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in Oshkosh by 270.2% in the second quarter. Citigroup Inc. now owns 52,729 shares of the company’s stock valued at $3,632,000 after purchasing an additional 38,484 shares during the last quarter. 93.61% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Wilson R. Jones sold 40,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $85.14, for a total transaction of $3,405,600.00. Following the sale, the insider now owns 159,859 shares of the company’s stock, valued at $13,610,395.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP James W. Johnson sold 22,300 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $90.59, for a total value of $2,020,157.00. Following the sale, the vice president now directly owns 51,673 shares in the company, valued at approximately $4,681,057.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,153 shares of company stock worth $9,953,433. Corporate insiders own 2.00% of the company’s stock.
Several analysts have weighed in on OSK shares. Deutsche Bank reissued a “hold” rating and issued a $86.00 target price (up previously from $80.00) on shares of Oshkosh in a report on Monday, October 9th. Citigroup upped their target price on Oshkosh from $85.00 to $100.00 and gave the company a “buy” rating in a report on Friday, October 13th. Jefferies Group reissued a “buy” rating and issued a $85.00 target price on shares of Oshkosh in a report on Thursday, September 7th. Royal Bank of Canada reissued a “buy” rating and issued a $100.00 target price on shares of Oshkosh in a report on Thursday, November 2nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $93.00 target price on shares of Oshkosh in a report on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $92.85.
Oshkosh Corp (NYSE OSK) traded up $0.72 on Thursday, hitting $89.10. The company had a trading volume of 1,017,800 shares, compared to its average volume of 686,808. The company has a current ratio of 1.81, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $6,643.54, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.18 and a beta of 1.84. Oshkosh Corp has a fifty-two week low of $61.74 and a fifty-two week high of $94.16.
Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.36. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.90 billion. Oshkosh had a return on equity of 15.14% and a net margin of 4.18%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. research analysts forecast that Oshkosh Corp will post 4.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, November 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.08%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.21. Oshkosh’s dividend payout ratio (DPR) is presently 25.53%.
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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