Engineers Gate Manager LP raised its stake in Oshkosh Corp (NYSE:OSK) by 22.3% during the third quarter, Holdings Channel reports. The fund owned 62,559 shares of the company’s stock after buying an additional 11,409 shares during the period. Engineers Gate Manager LP’s holdings in Oshkosh were worth $4,457,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ayalon Holdings Ltd. purchased a new position in Oshkosh in the third quarter valued at about $125,000. Trilogy Capital Inc. purchased a new position in Oshkosh in the third quarter valued at about $199,000. Cornerstone Wealth Management LLC purchased a new position in Oshkosh in the second quarter valued at about $200,000. Sawtooth Solutions LLC purchased a new position in Oshkosh in the second quarter valued at about $202,000. Finally, Trexquant Investment LP purchased a new position in Oshkosh in the second quarter valued at about $218,000. Hedge funds and other institutional investors own 89.46% of the company’s stock.
NYSE OSK opened at $64.73 on Friday. Oshkosh Corp has a 12-month low of $51.42 and a 12-month high of $100.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.16 and a current ratio of 1.93. The company has a market capitalization of $4.73 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 0.54 and a beta of 1.71.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 19th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $1.08 annualized dividend and a dividend yield of 1.67%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.24. Oshkosh’s payout ratio is 15.09%.
A number of research analysts have weighed in on OSK shares. Royal Bank of Canada reiterated a “buy” rating and issued a $98.00 target price on shares of Oshkosh in a research note on Wednesday, August 1st. Stifel Nicolaus dropped their target price on shares of Oshkosh from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Zacks Investment Research upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Sunday, July 15th. Longbow Research started coverage on shares of Oshkosh in a research note on Friday, July 13th. They issued a “buy” rating and a $88.00 target price on the stock. Finally, SunTrust Banks boosted their target price on shares of Oshkosh to $96.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Oshkosh has a consensus rating of “Hold” and a consensus price target of $86.75.
In other news, VP David M. Sagehorn sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $75.40, for a total value of $3,393,000.00. Following the sale, the vice president now owns 179,097 shares of the company’s stock, valued at $13,503,913.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.
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