Commonwealth Bank of Australia decreased its holdings in Oshkosh Corporation (NYSE:OSK) by 10.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,289 shares of the company’s stock after selling 1,400 shares during the quarter. Commonwealth Bank of Australia’s holdings in Oshkosh Corporation were worth $846,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Invictus RG purchased a new position in Oshkosh Corporation in the 1st quarter worth about $133,000. Advisors Asset Management Inc. raised its position in Oshkosh Corporation by 9.5% in the 1st quarter. Advisors Asset Management Inc. now owns 1,971 shares of the company’s stock worth $135,000 after buying an additional 171 shares during the last quarter. Paradigm Asset Management Co. LLC raised its position in Oshkosh Corporation by 4.7% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock worth $155,000 after buying an additional 100 shares during the last quarter. ARP Americas LLC purchased a new position in Oshkosh Corporation in the 2nd quarter worth about $206,000. Finally, Venturi Wealth Management LLC purchased a new position in Oshkosh Corporation in the 1st quarter worth about $208,000. 94.62% of the stock is owned by institutional investors and hedge funds.
Oshkosh Corporation (NYSE:OSK) opened at 77.13 on Friday. Oshkosh Corporation has a 52 week low of $50.77 and a 52 week high of $77.22. The company has a market capitalization of $5.77 billion, a P/E ratio of 22.89 and a beta of 1.77. The company’s 50 day moving average price is $73.69 and its 200-day moving average price is $69.44.
Oshkosh Corporation (NYSE:OSK) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.51. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. Oshkosh Corporation’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the business earned $1.13 earnings per share. Equities research analysts expect that Oshkosh Corporation will post $3.95 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Wednesday, August 16th. Oshkosh Corporation’s dividend payout ratio is currently 25.07%.
In related news, EVP Ignacio A. Cortina sold 4,000 shares of Oshkosh Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $75.28, for a total transaction of $301,120.00. Following the completion of the transaction, the executive vice president now directly owns 11,778 shares in the company, valued at $886,647.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Craig P. Omtvedt sold 7,050 shares of Oshkosh Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $74.82, for a total value of $527,481.00. Following the transaction, the director now 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 quarter, insiders have sold 50,533 shares of company stock valued at $3,810,466. 2.00% of the stock is owned by company insiders.
A number of brokerages have weighed in on OSK. ValuEngine raised Oshkosh Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a $85.00 target price (up previously from $80.00) on shares of Oshkosh Corporation in a research report on Wednesday, August 9th. BidaskClub raised Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reissued a “buy” rating and issued a $85.00 target price on shares of Oshkosh Corporation in a research report on Thursday, June 8th. Finally, Deutsche Bank AG boosted their target price on Oshkosh Corporation from $79.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $75.67.
About Oshkosh Corporation
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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