Bain Capital Public Equity Management LLC purchased a new stake in Oshkosh Corp (NYSE:OSK) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 140,075 shares of the company’s stock, valued at approximately $12,731,000.
Other institutional investors have also made changes to their positions in the company. Cerebellum GP LLC acquired a new position in shares of Oshkosh in the 4th quarter valued at $130,000. Pitcairn Co. acquired a new position in shares of Oshkosh in the 4th quarter valued at $202,000. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Oshkosh in the 4th quarter valued at $203,000. CIBC Asset Management Inc acquired a new position in shares of Oshkosh in the 3rd quarter valued at $208,000. Finally, Rothschild Investment Corp IL acquired a new position in shares of Oshkosh in the 4th quarter valued at $218,000. 90.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of Oshkosh Corp (OSK) opened at $81.25 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. Oshkosh Corp has a 1-year low of $61.74 and a 1-year high of $100.26. The firm has a market capitalization of $6,060.00, a PE ratio of 19.53, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61.
The business also recently declared a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 1.18%. Oshkosh’s dividend payout ratio (DPR) is 23.08%.
In other Oshkosh news, Director Duncan Palmer sold 1,500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $91.93, for a total transaction of $137,895.00. Following the sale, the director now owns 23,095 shares in the company, valued at approximately $2,123,123.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Leslie F. Kenne sold 1,061 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $90.82, for a total value of $96,360.02. Following the sale, the director now owns 25,320 shares in the company, valued at approximately $2,299,562.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,361 shares of company stock worth $564,480. 2.00% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on OSK shares. ValuEngine upgraded Oshkosh from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus boosted their price objective on Oshkosh from $100.00 to $106.00 and gave the company a “buy” rating in a report on Friday, January 26th. KeyCorp reiterated a “buy” rating and issued a $104.00 price objective on shares of Oshkosh in a report on Friday, January 26th. SunTrust Banks reiterated a “buy” rating on shares of Oshkosh in a report on Friday, January 26th. Finally, Morgan Stanley started coverage on Oshkosh in a report on Friday, March 2nd. They issued an “equal weight” rating and a $86.00 price objective on the stock. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $93.43.
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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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