Dimensional Fund Advisors LP cut its stake in Oshkosh Corp (NYSE:OSK) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,666,037 shares of the company’s stock after selling 13,619 shares during the period. Dimensional Fund Advisors LP owned approximately 2.28% of Oshkosh worth $118,688,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Natixis acquired a new position in Oshkosh in the 2nd quarter worth $5,239,000. Trexquant Investment LP acquired a new position in Oshkosh in the 2nd quarter worth $218,000. Systematic Financial Management LP boosted its stake in Oshkosh by 32.6% in the 2nd quarter. Systematic Financial Management LP now owns 173,218 shares of the company’s stock worth $12,181,000 after purchasing an additional 42,592 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Oshkosh in the 2nd quarter worth $1,399,000. Finally, BB&T Corp lifted its position in Oshkosh by 7.3% during the 3rd quarter. BB&T Corp now owns 51,046 shares of the company’s stock worth $3,637,000 after buying an additional 3,465 shares in the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:OSK opened at $66.63 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.21 and a debt-to-equity ratio of 0.33. Oshkosh Corp has a one year low of $51.42 and a one year high of $100.26. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 0.66 and a beta of 1.78.
Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, November 1st. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.45 by $0.35. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Oshkosh had a net margin of 6.12% and a return on equity of 19.93%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 EPS. As a group, equities analysts forecast that Oshkosh Corp will post 7.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 19th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Oshkosh’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, November 16th. Oshkosh’s dividend payout ratio is presently 16.98%.
Several brokerages have commented on OSK. ValuEngine raised shares of Oshkosh from a “strong sell” rating to a “sell” rating in a research report on Friday, November 23rd. Zacks Investment Research reissued a “buy” rating and set a $73.00 price target on shares of Oshkosh in a research report on Wednesday, November 14th. SunTrust Banks boosted their price target on shares of Oshkosh to $96.00 and gave the stock a “buy” rating in a research report on Friday, November 2nd. Deutsche Bank set a $77.00 price target on shares of Oshkosh and gave the stock a “hold” rating in a research report on Wednesday, September 5th. Finally, Buckingham Research began coverage on shares of Oshkosh in a research report on Tuesday, August 28th. They set a “neutral” rating and a $76.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $86.17.
In other news, EVP Frank R. Nerenhausen sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $70.00, for a total value of $700,000.00. Following the sale, the executive vice president now directly owns 62,385 shares of the company’s stock, valued at approximately $4,366,950. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Tina R. Schoner bought 630 shares of the company’s stock in a transaction dated Friday, November 16th. The stock was purchased at an average cost of $66.78 per share, for a total transaction of $42,071.40. Following the completion of the acquisition, the senior vice president now owns 630 shares in the company, valued at approximately $42,071.40. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by corporate insiders.
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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; and chassis and service parts sales.
Further Reading: Earnings Per Share (EPS) Explained
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