Alliancebernstein L.P. grew its stake in Oshkosh Co. (NYSE:OSK) by 24.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,947,622 shares of the company’s stock after purchasing an additional 383,149 shares during the quarter. Alliancebernstein L.P. owned approximately 2.85% of Oshkosh worth $167,632,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Boston Partners lifted its holdings in shares of Oshkosh by 12.4% in the fourth quarter. Boston Partners now owns 2,153,922 shares of the company’s stock valued at $185,387,000 after purchasing an additional 236,925 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Oshkosh by 1,527.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,077,224 shares of the company’s stock valued at $178,786,000 after purchasing an additional 1,949,562 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Oshkosh by 2.9% in the third quarter. Great West Life Assurance Co. Can now owns 1,340,799 shares of the company’s stock valued at $92,706,000 after purchasing an additional 38,277 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Oshkosh by 213.4% in the fourth quarter. Principal Financial Group Inc. now owns 669,194 shares of the company’s stock valued at $57,598,000 after purchasing an additional 455,641 shares in the last quarter. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of Oshkosh during the fourth quarter valued at approximately $54,680,000. Institutional investors own 91.91% of the company’s stock.
In related news, CEO Wilson R. Jones sold 21,926 shares of the business’s stock in a transaction dated Friday, January 29th. The stock was sold at an average price of $93.36, for a total transaction of $2,047,011.36. Following the transaction, the chief executive officer now owns 167,596 shares in the company, valued at approximately $15,646,762.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ignacio A. Cortina sold 8,450 shares of the business’s stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $96.47, for a total value of $815,171.50. Following the transaction, the executive vice president now owns 34,065 shares in the company, valued at approximately $3,286,250.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,450 shares of company stock worth $3,148,649. 1.30% of the stock is owned by company insiders.
Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Tuesday, January 26th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.40. Oshkosh had a return on equity of 12.38% and a net margin of 4.73%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the business earned $1.10 EPS. Oshkosh’s revenue was down 6.8% compared to the same quarter last year. Analysts expect that Oshkosh Co. will post 5.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 26th. Investors of record on Friday, February 12th will be issued a dividend of $0.33 per share. The ex-dividend date is Thursday, February 11th. This represents a $1.32 dividend on an annualized basis and a yield of 1.28%. Oshkosh’s dividend payout ratio is presently 26.72%.
A number of analysts recently commented on the company. Jefferies Financial Group raised Oshkosh from a “hold” rating to a “buy” rating and increased their price target for the company from $100.00 to $125.00 in a research report on Wednesday, February 17th. Raymond James increased their price target on Oshkosh from $78.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, January 25th. Beacon Securities reissued a “buy” rating on shares of Oshkosh in a research report on Tuesday, December 8th. Stifel Nicolaus lifted their price objective on Oshkosh from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, December 15th. Finally, Credit Suisse Group raised Oshkosh from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $83.00 to $117.00 in a research note on Tuesday, January 12th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $93.69.
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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