HighTower Advisors LLC purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,648 shares of the company’s stock, valued at approximately $247,000.
Other hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its stake in Oshkosh Corporation by 5,532.7% in the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock valued at $441,107,000 after buying an additional 6,316,906 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Oshkosh Corporation by 54.3% in the first quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock valued at $202,350,000 after buying an additional 1,037,968 shares during the period. Vanguard Group Inc. boosted its position in shares of Oshkosh Corporation by 16.8% in the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock valued at $464,212,000 after buying an additional 973,348 shares during the period. Prudential Financial Inc. boosted its position in shares of Oshkosh Corporation by 194.2% in the first quarter. Prudential Financial Inc. now owns 890,505 shares of the company’s stock valued at $61,080,000 after buying an additional 587,822 shares during the period. Finally, Norges Bank bought a new position in shares of Oshkosh Corporation during the fourth quarter valued at $32,993,000. 94.54% of the stock is owned by institutional investors and hedge funds.
Shares of Oshkosh Corporation (NYSE:OSK) opened at 69.74 on Friday. Oshkosh Corporation has a 1-year low of $48.18 and a 1-year high of $75.00. The company has a market capitalization of $5.22 billion, a PE ratio of 24.99 and a beta of 1.82. The stock’s 50 day moving average price is $67.64 and its 200-day moving average price is $68.08.
Oshkosh Corporation (NYSE:OSK) last released its quarterly earnings data on Wednesday, April 26th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Oshkosh Corporation had a return on equity of 12.12% and a net margin of 3.30%. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the firm posted $0.76 earnings per share. Oshkosh Corporation’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts predict that Oshkosh Corporation will post $3.48 EPS for the current year.
OSK has been the topic of several recent analyst reports. Jefferies Group LLC restated a “buy” rating and set a $85.00 price objective on shares of Oshkosh Corporation in a research note on Friday, March 31st. Deutsche Bank AG raised their price objective on Oshkosh Corporation from $73.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, April 6th. Zacks Investment Research upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Saturday, April 8th. Royal Bank Of Canada raised their price objective on Oshkosh Corporation from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Finally, Barrington Research raised their price objective on Oshkosh Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Oshkosh Corporation currently has an average rating of “Hold” and a consensus target price of $70.18.
In related news, Director Steven Mizell sold 1,800 shares of the stock in a transaction on Friday, April 28th. The stock was sold at an average price of $69.80, for a total transaction of $125,640.00. Following the sale, the director now directly owns 8,188 shares of the company’s stock, valued at $571,522.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.00% of the company’s stock.
Oshkosh Corporation Company Profile
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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