Janney Montgomery Scott LLC Acquires 1,143 Shares of Oshkosh Corp (OSK)

Janney Montgomery Scott LLC lifted its holdings in Oshkosh Corp (NYSE:OSK) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,463 shares of the company’s stock after purchasing an additional 1,143 shares during the period. Janney Montgomery Scott LLC’s holdings in Oshkosh were worth $1,772,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC acquired a new position in shares of Oshkosh in the 2nd quarter worth approximately $7,006,000. American Century Companies Inc. boosted its holdings in shares of Oshkosh by 116.7% in the second quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock worth $47,467,000 after buying an additional 371,089 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Oshkosh by 33.9% in the second quarter. BNP Paribas Arbitrage SA now owns 41,837 shares of the company’s stock worth $2,882,000 after buying an additional 10,581 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Oshkosh by 85.0% in the second quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock worth $159,548,000 after buying an additional 1,063,971 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of Oshkosh by 270.2% in the second quarter. Citigroup Inc. now owns 52,729 shares of the company’s stock worth $3,632,000 after buying an additional 38,484 shares during the period. 93.29% of the stock is currently owned by institutional investors.

Shares of Oshkosh Corp (NYSE:OSK) opened at $90.31 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35. The company has a market cap of $6,657.82, a P/E ratio of 20.89, a P/E/G ratio of 1.18 and a beta of 1.84. Oshkosh Corp has a fifty-two week low of $61.74 and a fifty-two week high of $94.16.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.02 by $0.36. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Oshkosh had a net margin of 4.18% and a return on equity of 15.14%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. analysts anticipate that Oshkosh Corp will post 4.55 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were issued a dividend of $0.24 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, November 15th. Oshkosh’s dividend payout ratio (DPR) is currently 25.53%.

Several research analysts have commented on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $100.00 target price on shares of Oshkosh in a report on Thursday, November 2nd. Jefferies Group raised their target price on shares of Oshkosh from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. J P Morgan Chase & Co raised their target price on shares of Oshkosh from $80.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Robert W. Baird reiterated a “buy” rating and issued a $97.00 target price on shares of Oshkosh in a report on Wednesday, November 1st. Finally, KeyCorp reiterated an “overweight” rating and issued a $100.00 target price (up from $90.00) on shares of Oshkosh in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $92.85.

In related news, VP Colleen R. Moynihan sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $87.62, for a total transaction of $350,480.00. Following the completion of the sale, the vice president now directly owns 7,347 shares in the company, valued at $643,744.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Wilson R. Jones sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $85.14, for a total transaction of $3,405,600.00. Following the sale, the insider now owns 159,859 shares of the company’s stock, valued at $13,610,395.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,153 shares of company stock valued at $9,953,433. 2.00% of the stock is currently owned by corporate insiders.

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About Oshkosh

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 (NYSE:OSK)

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