Prudential Financial Inc. raised its position in shares of Oshkosh Corp (NYSE:OSK) by 194.2% during the first quarter, Holdings Channel reports. The fund owned 890,505 shares of the company’s stock after buying an additional 587,822 shares during the period. Prudential Financial Inc. owned about 1.19% of Oshkosh Corp worth $61,080,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in OSK. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Oshkosh Corp by 48.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,855 shares of the company’s stock worth $120,000 after buying an additional 603 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Oshkosh Corp during the fourth quarter valued at about $121,000. Advisors Asset Management Inc. increased its stake in shares of Oshkosh Corp by 9.5% in the first quarter. Advisors Asset Management Inc. now owns 1,971 shares of the company’s stock valued at $135,000 after buying an additional 171 shares during the last quarter. James Investment Research Inc. purchased a new stake in shares of Oshkosh Corp during the first quarter valued at about $144,000. Finally, Raymond James Trust N.A. purchased a new stake in shares of Oshkosh Corp during the first quarter valued at about $208,000. 94.60% of the stock is owned by hedge funds and other institutional investors.
Oshkosh Corp (NYSE:OSK) traded up 3.19% on Friday, reaching $64.44. 670,643 shares of the company were exchanged. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 23.09 and a beta of 1.75. Oshkosh Corp has a 52 week low of $44.01 and a 52 week high of $75.00. The stock has a 50-day moving average price of $68.11 and a 200 day moving average price of $67.71.
Oshkosh Corp (NYSE:OSK) last released its earnings results on Wednesday, April 26th. The company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. Oshkosh Corp had a net margin of 3.54% and a return on equity of 12.27%. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the business earned $0.76 EPS. The business’s revenue was up 6.2% on a year-over-year basis. Analysts forecast that Oshkosh Corp will post $3.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 12th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Wednesday, May 10th. Oshkosh Corp’s payout ratio is currently 28.28%.
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OSK has been the subject of several analyst reports. Zacks Investment Research raised shares of Oshkosh Corp from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Saturday, April 8th. Deutsche Bank AG raised their price objective on shares of Oshkosh Corp from $73.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, April 6th. Royal Bank of Canada raised their price objective on shares of Oshkosh Corp from $74.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, January 27th. Seaport Global Securities raised shares of Oshkosh Corp from an “accumulate” rating to a “buy” rating in a research note on Wednesday, February 1st. Finally, Jefferies Group LLC lifted their price target on shares of Oshkosh Corp from $78.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Oshkosh Corp presently has an average rating of “Hold” and a consensus target price of $70.36.
In other Oshkosh Corp news, Director William S. Wallace sold 2,500 shares of Oshkosh Corp stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $68.69, for a total transaction of $171,725.00. Following the completion of the transaction, the director now owns 24,482 shares in the company, valued at $1,681,668.58. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven Mizell sold 1,800 shares of Oshkosh Corp stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $69.80, for a total transaction of $125,640.00. Following the transaction, the director now owns 8,188 shares of the company’s stock, valued at approximately $571,522.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,346 shares of company stock valued at $5,298,667. 2.00% of the stock is currently owned by company insiders.
About Oshkosh Corp
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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