Bronfman E.L. Rothschild L.P. boosted its stake in Oshkosh Corp (NYSE:OSK) by 13.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,384 shares of the company’s stock after buying an additional 991 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Oshkosh were worth $762,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of OSK. JPMorgan Chase & Co. increased its holdings in Oshkosh by 18.4% in the third quarter. JPMorgan Chase & Co. now owns 2,742,675 shares of the company’s stock valued at $226,765,000 after purchasing an additional 426,359 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Oshkosh in the fourth quarter valued at $31,006,000. Koch Industries Inc. acquired a new stake in Oshkosh during the 2nd quarter worth about $264,000. Principal Financial Group Inc. grew its holdings in Oshkosh by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 772,858 shares of the company’s stock worth $63,792,000 after acquiring an additional 179,180 shares during the period. Finally, 1060 Capital LLC acquired a new stake in Oshkosh during the 3rd quarter worth about $11,845,000. Institutional investors and hedge funds own 93.08% of the company’s stock.
A number of analysts have weighed in on the company. Stifel Nicolaus increased their price target on Oshkosh from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, January 26th. KeyCorp reiterated a “buy” rating and set a $104.00 price target 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. ValuEngine upgraded Oshkosh from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $100.00 price target on shares of Oshkosh in a report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $94.54.
Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.29. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Oshkosh had a net margin of 4.48% and a return on equity of 16.64%. The business’s revenue was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. research analysts forecast that Oshkosh Corp will post 5.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, February 12th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.11%. Oshkosh’s dividend payout ratio (DPR) is presently 22.59%.
In other news, VP David M. Sagehorn sold 26,500 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $85.31, for a total transaction of $2,260,715.00. Following the transaction, the vice president now owns 159,023 shares of the company’s stock, valued at approximately $13,566,252.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wilson R. Jones sold 40,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 159,859 shares in the company, valued at approximately $13,610,395.26. The disclosure for this sale can be found here. Insiders have sold a total of 97,586 shares of company stock worth $8,455,440 in the last three months. Insiders own 1.60% of the company’s stock.
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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