Hancock Whitney Corp trimmed its position in Oshkosh Corp (NYSE:OSK) by 7.4% during the first quarter, HoldingsChannel.com reports. The firm owned 22,492 shares of the company’s stock after selling 1,810 shares during the quarter. Hancock Whitney Corp’s holdings in Oshkosh were worth $1,690,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of OSK. Oregon Public Employees Retirement Fund grew its stake in Oshkosh by 6,031.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,790,926 shares of the company’s stock valued at $29,000 after purchasing an additional 1,761,717 shares in the last quarter. LSV Asset Management increased its position in shares of Oshkosh by 47.3% during the 1st quarter. LSV Asset Management now owns 3,251,606 shares of the company’s stock valued at $244,293,000 after purchasing an additional 1,044,322 shares during the period. Norges Bank acquired a new position in shares of Oshkosh in the 4th quarter worth $51,926,000. Two Sigma Advisers LP grew its holdings in shares of Oshkosh by 151.4% in the 4th quarter. Two Sigma Advisers LP now owns 602,882 shares of the company’s stock worth $36,963,000 after acquiring an additional 363,100 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of Oshkosh by 142.1% during the fourth quarter. Two Sigma Investments LP now owns 519,147 shares of the company’s stock valued at $31,829,000 after buying an additional 304,685 shares in the last quarter. Institutional investors and hedge funds own 89.11% of the company’s stock.
A number of analysts have weighed in on the company. Zacks Investment Research cut Oshkosh from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Evercore ISI reiterated an “in-line” rating and issued a $79.00 price objective (down from $83.00) on shares of Oshkosh in a research note on Friday, May 31st. Citigroup boosted their target price on Oshkosh from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. UBS Group initiated coverage on Oshkosh in a research note on Tuesday, April 23rd. They issued a “neutral” rating and a $85.00 price target on the stock. Finally, JPMorgan Chase & Co. cut shares of Oshkosh from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $80.00 to $85.00 in a research report on Wednesday, May 1st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $84.80.
Oshkosh (NYSE:OSK) last announced its earnings results on Tuesday, April 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.20. Oshkosh had a net margin of 6.76% and a return on equity of 21.98%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business posted $1.54 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts forecast that Oshkosh Corp will post 7.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Wednesday, May 15th. Oshkosh’s payout ratio is 16.98%.
In other news, VP James W. Johnson sold 11,029 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $76.05, for a total value of $838,755.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.
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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