Retirement Systems of Alabama Decreases Position in Oshkosh Corporation (OSK)
Retirement Systems of Alabama decreased its stake in shares of Oshkosh Corporation (NYSE:OSK) by 3.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 153,492 shares of the company’s stock after selling 5,430 shares during the period. Retirement Systems of Alabama’s holdings in Oshkosh Corporation were worth $10,573,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in OSK. Invictus RG acquired a new stake in shares of Oshkosh Corporation during the first quarter valued at approximately $133,000. Advisors Asset Management Inc. boosted its stake in shares of Oshkosh Corporation by 9.5% in the first quarter. Advisors Asset Management Inc. now owns 1,971 shares of the company’s stock valued at $135,000 after buying an additional 171 shares during the last quarter. James Investment Research Inc. acquired a new stake in shares of Oshkosh Corporation during the first quarter valued at approximately $144,000. ARP Americas LLC acquired a new stake in shares of Oshkosh Corporation during the second quarter valued at approximately $206,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of Oshkosh Corporation during the first quarter valued at approximately $208,000. Institutional investors and hedge funds own 95.09% of the company’s stock.
Oshkosh Corporation (NYSE:OSK) opened at 74.05 on Friday. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 21.97 and a beta of 1.81. The stock’s 50 day moving average is $69.78 and its 200 day moving average is $68.52. Oshkosh Corporation has a 12-month low of $50.77 and a 12-month high of $77.20.
Oshkosh Corporation (NYSE:OSK) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the company earned $1.13 earnings per share. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities research analysts forecast that Oshkosh Corporation will post $3.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, August 16th. Oshkosh Corporation’s dividend payout ratio is presently 25.07%.
WARNING: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.watchlistnews.com/retirement-systems-of-alabama-decreases-position-in-oshkosh-corporation-osk/1472938.html.
Several analysts have commented on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $85.00 price objective (up from $80.00) on shares of Oshkosh Corporation in a research note on Wednesday. BidaskClub upgraded shares of Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Jefferies Group LLC restated a “buy” rating and set a $85.00 price objective on shares of Oshkosh Corporation in a research note on Thursday, June 8th. Deutsche Bank AG lifted their price objective on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of Oshkosh Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $75.67.
In related news, VP Marek W. May sold 3,200 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $74.89, for a total transaction of $239,648.00. Following the completion of the sale, the vice president now directly owns 11,068 shares of the company’s stock, valued at $828,882.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Craig P. Omtvedt sold 7,050 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $74.82, for a total value of $527,481.00. Following the sale, the director now directly owns 32,374 shares of the company’s stock, valued at $2,422,222.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,650 shares of company stock valued at $3,447,171. Corporate insiders own 2.00% of the company’s stock.
Oshkosh Corporation Company Profile
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.
Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Corporation (NYSE:OSK).
Receive News & Ratings for Oshkosh Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.