Old Mutual Global Investors UK Ltd. decreased its holdings in Oshkosh Corp (NYSE:OSK) by 31.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 188,938 shares of the company’s stock after selling 87,337 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Oshkosh were worth $17,172,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new stake in shares of Oshkosh in the 4th quarter valued at approximately $130,000. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Oshkosh in the 4th quarter valued at approximately $203,000. CIBC Asset Management Inc purchased a new stake in shares of Oshkosh in the 3rd quarter valued at approximately $208,000. Rothschild Investment Corp IL purchased a new stake in shares of Oshkosh in the 4th quarter valued at approximately $218,000. Finally, Essex Financial Services Inc. purchased a new stake in shares of Oshkosh in the 4th quarter valued at approximately $218,000. 93.08% of the stock is owned by institutional investors and hedge funds.
OSK has been the subject of several analyst reports. KeyCorp reissued an “overweight” rating and issued a $100.00 price target (up previously from $90.00) on shares of Oshkosh in a research note on Wednesday, November 1st. SunTrust Banks increased their price target on shares of Oshkosh to $102.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. ValuEngine cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $80.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Finally, Robert W. Baird reissued a “buy” rating and issued a $97.00 price target on shares of Oshkosh in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Oshkosh currently has an average rating of “Buy” and an average price target of $94.54.
Oshkosh Corp (OSK) opened at $86.62 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. The firm has a market cap of $6,370.65, a P/E ratio of 20.43, a P/E/G ratio of 1.11 and a beta of 1.54. Oshkosh Corp has a 1 year low of $61.74 and a 1 year high of $100.26.
Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.29. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Oshkosh had a net margin of 4.48% and a return on equity of 16.64%. The firm’s quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter last year, the company posted $0.26 EPS. analysts expect that Oshkosh Corp will post 5.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Monday, February 12th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.11%. Oshkosh’s payout ratio is currently 22.64%.
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Oshkosh 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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