Pzena Investment Management LLC Sells 4,722 Shares of Oshkosh Corporation $OSK

Pzena Investment Management LLC decreased its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 1.1% in the 3rd quarter, Holdings Channel reports. The fund owned 411,044 shares of the company’s stock after selling 4,722 shares during the period. Pzena Investment Management LLC’s holdings in Oshkosh were worth $52,951,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Jupiter Topco LLC acquired a new stake in shares of Oshkosh during the 2nd quarter valued at $6,218,000. Expect Equity LLC bought a new stake in Oshkosh during the 2nd quarter worth $3,565,000. Bank of America Corp DE bought a new stake in Oshkosh during the 2nd quarter worth $135,656,000. Paralel Advisors LLC acquired a new position in Oshkosh in the 2nd quarter worth about $2,409,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Oshkosh in the 2nd quarter worth about $6,588,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oshkosh

In other news, Director John Pfeifer sold 778 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $150.00, for a total value of $116,700.00. Following the transaction, the director owned 150,669 shares in the company, valued at approximately $22,600,350. The trade was a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Oshkosh Stock Up 0.4%

Shares of OSK opened at $143.35 on Thursday. The stock’s 50-day moving average price is $139.07 and its two-hundred day moving average price is $146.28. Oshkosh Corporation has a 12 month low of $116.77 and a 12 month high of $180.49. The company has a market capitalization of $8.74 billion, a PE ratio of 18.10, a PEG ratio of 1.27 and a beta of 1.27. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.13.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, October 29th. The company reported $2.41 earnings per share for the quarter, missing the consensus estimate of $3.06 by ($0.65). The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.94 billion. Oshkosh had a net margin of 4.63% and a return on equity of 11.69%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.20 EPS. On average, analysts anticipate that Oshkosh Corporation will post 9.00 EPS for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.57 per share. The ex-dividend date is Monday, November 16th. This represents a $2.28 annualized dividend and a yield of 1.6%. Oshkosh’s dividend payout ratio (DPR) is presently 28.79%.

Wall Street Analyst Weigh In

OSK has been the topic of a number of recent research reports. Barclays lifted their price target on Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on Oshkosh from $132.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, October 30th. Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a report on Friday, October 9th. Finally, DA Davidson reduced their target price on shares of Oshkosh from $168.00 to $164.00 and set a “buy” rating on the stock in a report on Monday. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.50.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.

Oshkosh’s product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.