Cozad Asset Management Inc. boosted its holdings in Oshkosh Corp (NYSE:OSK) by 103.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,970 shares of the company’s stock after acquiring an additional 25,900 shares during the quarter. Oshkosh comprises approximately 1.2% of Cozad Asset Management Inc.’s portfolio, making the stock its 19th biggest holding. Cozad Asset Management Inc. owned about 0.07% of Oshkosh worth $4,255,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in OSK. LSV Asset Management raised its position in Oshkosh by 47.3% in the first quarter. LSV Asset Management now owns 3,251,606 shares of the company’s stock worth $244,293,000 after acquiring an additional 1,044,322 shares in the last quarter. Prudential Financial Inc. raised its position 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 acquiring an additional 867,889 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in Oshkosh in the first quarter worth $16,591,000. Teacher Retirement System of Texas raised its position in Oshkosh by 149.6% in the first quarter. Teacher Retirement System of Texas now owns 285,832 shares of the company’s stock worth $21,475,000 after acquiring an additional 171,326 shares in the last quarter. Finally, FMR LLC raised its position in Oshkosh by 24.5% in the first quarter. FMR LLC now owns 753,984 shares of the company’s stock worth $56,646,000 after acquiring an additional 148,585 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.
Oshkosh stock traded down $1.06 during trading hours on Thursday, hitting $76.23. The stock had a trading volume of 82,141 shares, compared to its average volume of 631,951. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.19. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 0.73 and a beta of 1.99. Oshkosh Corp has a 1-year low of $51.42 and a 1-year high of $86.45. The stock’s fifty day moving average is $73.63 and its two-hundred day moving average is $77.62.
Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, August 1st. The company reported $2.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.37 by $0.35. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.29 billion. Oshkosh had a return on equity of 22.70% and a net margin of 7.04%. Oshkosh’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.20 earnings per share. As a group, sell-side analysts anticipate that Oshkosh Corp will post 8.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, August 16th. Oshkosh’s payout ratio is currently 16.98%.
OSK has been the topic of several research reports. Dougherty & Co initiated coverage on Oshkosh in a report on Wednesday, August 28th. They issued a “buy” rating and a $80.00 target price on the stock. Zacks Investment Research raised Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Thursday, July 11th. Evercore ISI raised Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 target price on the stock 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 on the stock in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised Oshkosh from a “neutral” rating to an “overweight” rating and upped their target price for the company from $85.00 to $90.00 in a report on Wednesday. Four 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 stock presently has a consensus rating of “Hold” and an average price target of $84.00.
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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