Tower Research Capital LLC TRC increased its stake in shares of Oshkosh Corp (NYSE:OSK) by 9.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,833 shares of the company’s stock after purchasing an additional 330 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Oshkosh were worth $320,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Personal Wealth Partners acquired a new position in Oshkosh in the second quarter valued at approximately $25,000. FinTrust Capital Advisors LLC lifted its holdings in Oshkosh by 1,128.6% in the first quarter. FinTrust Capital Advisors LLC now owns 344 shares of the company’s stock valued at $26,000 after buying an additional 316 shares during the period. Pearl River Capital LLC acquired a new position in Oshkosh in the second quarter valued at approximately $45,000. Machina Capital S.A.S. lifted its holdings in Oshkosh by 255.9% in the second quarter. Machina Capital S.A.S. now owns 573 shares of the company’s stock valued at $48,000 after buying an additional 412 shares during the period. Finally, NEXT Financial Group Inc acquired a new position in Oshkosh in the second quarter valued at approximately $54,000. 89.80% of the stock is currently owned by institutional investors and hedge funds.
OSK traded down $0.07 during mid-day trading on Friday, hitting $75.20. The stock had a trading volume of 1,111,877 shares, compared to its average volume of 473,001. The stock’s fifty day simple moving average is $72.29 and its 200-day simple moving average is $77.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.19. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 0.74 and a beta of 1.99. Oshkosh Corp has a 1-year low of $51.42 and a 1-year high of $86.45.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a $0.27 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.08 annualized dividend and a yield of 1.44%. Oshkosh’s dividend payout ratio (DPR) is presently 16.98%.
Several equities analysts recently weighed in on the stock. Dougherty & Co assumed coverage on shares of Oshkosh in a report on Wednesday, August 28th. They issued a “buy” rating and a $80.00 price objective on the stock. Zacks Investment Research upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Thursday, July 11th. Citigroup cut their price objective on shares of Oshkosh from $95.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. ValuEngine lowered shares of Oshkosh from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Evercore ISI upgraded shares of Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 price objective on the stock in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $84.00.
Oshkosh Company Profile
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 services; and chassis and service parts sales.
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