Oshkosh Corporation (OSK) Shares Sold by State Treasurer State of Michigan

State Treasurer State of Michigan reduced its stake in Oshkosh Corporation (NYSE:OSK) by 8.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,100 shares of the company’s stock after selling 2,700 shares during the period. State Treasurer State of Michigan’s holdings in Oshkosh Corporation were worth $2,319,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of OSK. Advisors Asset Management Inc. raised its holdings in Oshkosh Corporation by 3.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock valued at $140,000 after buying an additional 68 shares during the period. Paradigm Asset Management Co. LLC raised its holdings 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 valued at $155,000 after buying an additional 100 shares during the period. ARP Americas LLC purchased a new stake in Oshkosh Corporation in the 2nd quarter valued at about $206,000. Raymond James Trust N.A. raised its holdings in Oshkosh Corporation by 0.9% in the 2nd quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock valued at $210,000 after buying an additional 28 shares during the period. Finally, CrestPoint Capital Management LLC purchased a new stake in Oshkosh Corporation in the 2nd quarter valued at about $234,000. Hedge funds and other institutional investors own 94.35% of the company’s stock.

In other news, VP R Scott Grennier sold 4,883 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $74.40, for a total value of $363,295.20. Following the transaction, the vice president now directly owns 4,912 shares in the company, valued at approximately $365,452.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Robert S. Messina sold 3,400 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $75.23, for a total value of $255,782.00. Following the completion of the transaction, the vice president now owns 12,558 shares in the company, valued at $944,738.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,533 shares of company stock worth $3,810,466. Company insiders own 2.00% of the company’s stock.

Several analysts recently issued reports on the stock. Jefferies Group LLC boosted their price objective on shares of Oshkosh Corporation from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday. J P Morgan Chase & Co boosted their price objective on shares of Oshkosh Corporation from $80.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday. Robert W. Baird restated a “buy” rating and issued a $97.00 price objective on shares of Oshkosh Corporation in a report on Wednesday. KeyCorp restated an “overweight” rating and issued a $100.00 price objective (up from $90.00) on shares of Oshkosh Corporation in a report on Wednesday. Finally, Stifel Nicolaus restated a “buy” rating and issued a $100.00 price objective on shares of Oshkosh Corporation in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Oshkosh Corporation presently has an average rating of “Buy” and an average price target of $91.69.

ILLEGAL ACTIVITY WARNING: This news story was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://sportsperspectives.com/2017/11/02/oshkosh-corporation-osk-shares-sold-by-state-treasurer-state-of-michigan.html.

Oshkosh Corporation (NYSE:OSK) last released its quarterly earnings data on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.36. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.90 billion. Oshkosh Corporation had a return on equity of 15.14% and a net margin of 4.18%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Oshkosh Corporation’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, November 15th. Oshkosh Corporation’s dividend payout ratio (DPR) is 22.34%.

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.

Institutional Ownership by Quarter for Oshkosh Corporation (NYSE:OSK)

Receive News & Ratings for Oshkosh Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply