Oshkosh Corp (OSK) Stake Raised by BlackRock Inc.

BlackRock Inc. lifted its position in shares of Oshkosh Corp (NYSE:OSK) by 9.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,216,221 shares of the company’s stock after acquiring an additional 652,069 shares during the quarter. BlackRock Inc. owned 9.87% of Oshkosh worth $514,083,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ayalon Holdings Ltd. purchased a new stake in shares of Oshkosh during the 3rd quarter worth about $125,000. Trilogy Capital Inc. purchased a new stake in shares of Oshkosh during the 3rd quarter worth about $199,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Oshkosh during the 2nd quarter worth about $200,000. Sawtooth Solutions LLC purchased a new stake in shares of Oshkosh during the 2nd quarter worth about $202,000. Finally, Trexquant Investment LP purchased a new stake in shares of Oshkosh during the 2nd quarter worth about $218,000. 88.57% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Oshkosh from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 6th. Deutsche Bank set a $77.00 target price on shares of Oshkosh and gave the stock a “hold” rating in a research note on Wednesday, September 5th. Zacks Investment Research reissued a “buy” rating and set a $73.00 target price on shares of Oshkosh in a research note on Wednesday, November 14th. SunTrust Banks increased their target price on shares of Oshkosh to $96.00 and gave the stock a “buy” rating in a research note on Friday, November 2nd. Finally, Bank of America lowered their target price on shares of Oshkosh from $84.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $86.17.

In related news, SVP Tina R. Schoner purchased 630 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were purchased at an average cost of $66.78 per share, with a total value of $42,071.40. Following the purchase, the senior vice president now owns 630 shares of the company’s stock, valued at approximately $42,071.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frank R. Nerenhausen sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $70.00, for a total transaction of $700,000.00. Following the completion of the transaction, the executive vice president now directly owns 62,385 shares in the company, valued at $4,366,950. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Shares of Oshkosh stock opened at $66.63 on Friday. The stock has a market capitalization of $4.90 billion, a P/E ratio of 10.48, a P/E/G ratio of 0.66 and a beta of 1.78. Oshkosh Corp has a twelve month low of $51.42 and a twelve month high of $100.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.21 and a current ratio of 1.93.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, November 1st. The company reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.35. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.98 billion. Oshkosh had a net margin of 6.12% and a return on equity of 19.93%. Oshkosh’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $1.38 EPS. Sell-side analysts forecast that Oshkosh Corp will post 7.07 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 19th were paid a $0.27 dividend. The ex-dividend date was Friday, November 16th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 1.62%. Oshkosh’s dividend payout ratio (DPR) is currently 16.98%.

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About Oshkosh

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.

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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