Daiwa Securities Group Inc. lessened its stake in shares of Oshkosh Corp (NYSE:OSK) by 9.3% in the first quarter, Holdings Channel reports. The fund owned 74,100 shares of the company’s stock after selling 7,600 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Oshkosh were worth $5,567,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in OSK. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Oshkosh in the fourth quarter valued at $26,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Oshkosh by 6,031.4% in the fourth 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. Capital Investment Advisory Services LLC purchased a new stake in shares of Oshkosh in the fourth quarter valued at $35,000. Gemmer Asset Management LLC lifted its holdings in shares of Oshkosh by 99.6% in the first quarter. Gemmer Asset Management LLC now owns 563 shares of the company’s stock valued at $42,000 after purchasing an additional 281 shares in the last quarter. Finally, Executive Wealth Management LLC purchased a new stake in shares of Oshkosh in the fourth quarter valued at $45,000. Institutional investors own 89.93% of the company’s stock.
OSK has been the subject of a number of research analyst reports. Zacks Investment Research lowered Oshkosh from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. JPMorgan Chase & Co. upgraded Oshkosh from a “neutral” rating to an “overweight” rating and set a $80.00 target price for the company in a report on Thursday, January 10th. Royal Bank of Canada restated a “buy” rating and issued a $82.00 target price on shares of Oshkosh in a report on Monday, January 7th. ValuEngine raised shares of Oshkosh from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, reaffirmed a “sell” rating on shares of Oshkosh in a research note on Wednesday, February 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $83.92.
In other news, EVP Ignacio A. Cortina sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $74.66, for a total value of $373,300.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP R Scott Grennier sold 3,784 shares of the firm’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $80.67, for a total value of $305,255.28. Following the completion of the sale, the vice president now directly owns 4,780 shares in the company, valued at $385,602.60. The disclosure for this sale can be found here. Insiders have sold 85,928 shares of company stock worth $6,771,979 over the last three months. Company insiders own 1.60% of the company’s stock.
NYSE OSK opened at $80.03 on Monday. Oshkosh Corp has a 1-year low of $51.42 and a 1-year high of $82.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.12 and a current ratio of 1.99. The firm has a market capitalization of $5.61 billion, a PE ratio of 12.58, a P/E/G ratio of 0.95 and a beta of 1.93.
Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $1.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.67. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.67 billion. Oshkosh had a net margin of 6.62% and a return on equity of 21.83%. Oshkosh’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 earnings per share. On average, sell-side analysts predict that Oshkosh Corp will post 7.47 EPS for the current year.
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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