Atlantic Union Bankshares Corp boosted its holdings in Oshkosh Corp (NYSE:OSK) by 43.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,650 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Oshkosh were worth $504,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. increased its holdings in Oshkosh by 8.8% in the second quarter. BlackRock Inc. now owns 6,823,696 shares of the company’s stock worth $569,711,000 after purchasing an additional 549,796 shares in the last quarter. Vanguard Group Inc. increased its holdings in Oshkosh by 0.9% in the second quarter. Vanguard Group Inc. now owns 6,622,346 shares of the company’s stock worth $552,900,000 after purchasing an additional 59,234 shares in the last quarter. AQR Capital Management LLC increased its holdings in Oshkosh by 47.0% in the second quarter. AQR Capital Management LLC now owns 1,999,373 shares of the company’s stock worth $166,128,000 after purchasing an additional 639,237 shares in the last quarter. Prudential Financial Inc. increased its holdings in Oshkosh by 95.6% in the second quarter. Prudential Financial Inc. now owns 1,775,463 shares of the company’s stock worth $148,234,000 after purchasing an additional 867,889 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Oshkosh by 12.4% in the second quarter. Bank of New York Mellon Corp now owns 1,018,075 shares of the company’s stock worth $85,000,000 after purchasing an additional 112,256 shares in the last quarter. Institutional investors and hedge funds own 90.21% of the company’s stock.
OSK has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded Oshkosh from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $85.00 to $90.00 in a report on Wednesday, September 11th. Evercore ISI upgraded Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 target price for the company in a report on Thursday, August 1st. Citigroup lowered their target price on Oshkosh from $95.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Dougherty & Co initiated coverage on Oshkosh in a report on Wednesday, August 28th. They issued a “buy” rating and a $80.00 target price for the company. Finally, Zacks Investment Research upgraded Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $84.00.
NYSE OSK opened at $77.14 on Friday. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 0.75 and a beta of 1.97. Oshkosh Corp has a 52 week low of $51.42 and a 52 week high of $86.45. The business has a 50 day moving average price of $73.56 and a 200-day moving average price of $77.21. The company has a quick ratio of 1.19, a current ratio of 1.99 and a debt-to-equity ratio of 0.32.
Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, August 1st. The company reported $2.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.37 by $0.35. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.29 billion. Oshkosh had a return on equity of 22.70% and a net margin of 7.04%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.20 earnings per share. On average, equities research analysts anticipate that Oshkosh Corp will post 8.02 earnings per share 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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