Canada Pension Plan Investment Board increased its position in shares of Oshkosh Corporation (NYSE:OSK) by 29.2% during the second quarter, Holdings Channel reports. The firm owned 521,986 shares of the company’s stock after buying an additional 118,000 shares during the period. Canada Pension Plan Investment Board’s holdings in Oshkosh Corporation were worth $35,954,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mesirow Financial Investment Management Equity Management increased its position in Oshkosh Corporation by 33.7% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 24,930 shares of the company’s stock worth $1,717,000 after buying an additional 6,280 shares during the period. Davis R M Inc. increased its position in Oshkosh Corporation by 14.4% in the second quarter. Davis R M Inc. now owns 421,853 shares of the company’s stock worth $29,057,000 after buying an additional 53,198 shares during the period. ARP Americas LLC bought a new position in Oshkosh Corporation during the second quarter worth approximately $206,000. Texas Permanent School Fund increased its position in Oshkosh Corporation by 1.1% in the second quarter. Texas Permanent School Fund now owns 54,608 shares of the company’s stock worth $3,761,000 after buying an additional 589 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in Oshkosh Corporation by 3.7% in the second quarter. Daiwa Securities Group Inc. now owns 181,300 shares of the company’s stock worth $12,488,000 after buying an additional 6,400 shares during the period. Hedge funds and other institutional investors own 95.09% of the company’s stock.
Oshkosh Corporation (OSK) opened at 73.97 on Friday. Oshkosh Corporation has a 52-week low of $50.77 and a 52-week high of $77.20. The company has a market capitalization of $5.54 billion, a P/E ratio of 21.95 and a beta of 1.81. The stock has a 50 day moving average of $69.99 and a 200-day moving average of $68.55.
Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the company earned $1.13 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. On average, equities analysts forecast that Oshkosh Corporation will post $3.95 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.84 dividend on an annualized basis and a yield of 1.14%. Oshkosh Corporation’s dividend payout ratio is currently 25.07%.
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A number of research firms have commented on OSK. Zacks Investment Research downgraded shares of Oshkosh Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank Of Canada reiterated 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. Drexel Hamilton upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Friday, August 4th. Finally, Deutsche Bank AG increased 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. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Oshkosh Corporation presently has an average rating of “Buy” and a consensus target price of $75.67.
In other Oshkosh Corporation news, VP Marek W. May sold 3,200 shares of Oshkosh Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $74.89, for a total transaction of $239,648.00. Following the sale, the vice president now owns 11,068 shares in the company, valued at $828,882.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert S. Messina sold 3,400 shares of Oshkosh Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $75.23, for a total transaction of $255,782.00. Following the sale, the vice president now owns 12,558 shares in the company, valued at approximately $944,738.34. The disclosure for this sale can be found here. Insiders have sold 50,533 shares of company stock worth $3,810,466 in the last quarter. 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.
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