Todd Asset Management LLC Has $24.91 Million Position in Oshkosh Corporation (OSK)
Todd Asset Management LLC lessened its position in shares of Oshkosh Corporation (NYSE:OSK) by 10.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 301,754 shares of the company’s stock after selling 35,054 shares during the period. Todd Asset Management LLC owned 0.40% of Oshkosh Corporation worth $24,907,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in OSK. Teachers Advisors LLC raised its stake in Oshkosh Corporation by 73.7% during the first quarter. Teachers Advisors LLC now owns 232,256 shares of the company’s stock worth $15,930,000 after buying an additional 98,534 shares during the last quarter. HighTower Advisors LLC bought a new position in Oshkosh Corporation during the first quarter worth $247,000. Capstone Asset Management Co. raised its stake in Oshkosh Corporation by 4.2% during the second quarter. Capstone Asset Management Co. now owns 5,452 shares of the company’s stock worth $376,000 after buying an additional 220 shares during the last quarter. Creative Planning raised its stake in Oshkosh Corporation by 1.8% during the second quarter. Creative Planning now owns 9,935 shares of the company’s stock worth $684,000 after buying an additional 174 shares during the last quarter. Finally, James Investment Research Inc. raised its stake in Oshkosh Corporation by 746.9% during the second quarter. James Investment Research Inc. now owns 17,785 shares of the company’s stock worth $1,225,000 after buying an additional 15,685 shares during the last quarter. 94.41% of the stock is owned by institutional investors and hedge funds.
OSK has been the subject of several research analyst reports. Citigroup Inc. lifted their price target on shares of Oshkosh Corporation from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, October 13th. ValuEngine raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. KeyCorp reaffirmed a “buy” rating and issued a $85.00 price target on shares of Oshkosh Corporation in a research note on Sunday, September 17th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $90.00 price target on shares of Oshkosh Corporation in a research note on Friday, October 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $86.00 price target (up from $80.00) on shares of Oshkosh Corporation in a research note on Monday, October 9th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Oshkosh Corporation presently has a consensus rating of “Buy” and an average target price of $92.85.
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Oshkosh Corporation (NYSE:OSK) traded up $1.04 during trading hours on Monday, hitting $84.90. 519,900 shares of the stock traded hands, compared to its average volume of 686,079. 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 company has a market capitalization of $6,380.00, a P/E ratio of 20.02, a PEG ratio of 1.14 and a beta of 1.87. Oshkosh Corporation has a one year low of $61.74 and a one year high of $94.16.
Oshkosh Corporation (NYSE:OSK) last posted its earnings results on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.02 by $0.36. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.90 billion. Oshkosh Corporation had a net margin of 4.18% and a return on equity of 15.14%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 earnings per share. equities research analysts predict that Oshkosh Corporation will post 4.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Oshkosh Corporation’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 1.13%. Oshkosh Corporation’s payout ratio is 22.28%.
In related news, VP Colleen R. Moynihan sold 4,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $87.62, for a total transaction of $350,480.00. Following the transaction, the vice president now directly owns 7,347 shares in the company, valued at $643,744.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Colleen R. Moynihan sold 5,259 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $88.19, for a total transaction of $463,791.21. Following the transaction, the vice president now owns 4,647 shares in the company, valued at $409,818.93. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
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.
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