Oshkosh Corporation (OSK) Shares Sold by First Trust Advisors LP
First Trust Advisors LP decreased its stake in Oshkosh Corporation (NYSE:OSK) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 257,721 shares of the company’s stock after selling 15,641 shares during the period. First Trust Advisors LP owned 0.34% of Oshkosh Corporation worth $17,752,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of OSK. Vanguard Group Inc. raised its stake in shares of Oshkosh Corporation by 16.8% in the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock valued at $464,212,000 after buying an additional 973,348 shares during the last quarter. BlackRock Inc. raised its stake in shares of Oshkosh Corporation by 5,532.7% in the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock valued at $441,107,000 after buying an additional 6,316,906 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Oshkosh Corporation by 4.4% in the first quarter. Alliancebernstein L.P. now owns 4,279,772 shares of the company’s stock valued at $293,550,000 after buying an additional 178,674 shares during the last quarter. Aristotle Capital Management LLC raised its stake in shares of Oshkosh Corporation by 4.6% in the first quarter. Aristotle Capital Management LLC now owns 4,268,889 shares of the company’s stock valued at $292,803,000 after buying an additional 188,368 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Oshkosh Corporation by 54.3% in the first quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock valued at $202,350,000 after buying an additional 1,037,968 shares during the last quarter. Institutional investors own 95.68% of the company’s stock.
Oshkosh Corporation (OSK) opened at 73.38 on Monday. The company has a 50-day moving average of $70.95 and a 200-day moving average of $68.64. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 21.77 and a beta of 1.81. Oshkosh Corporation has a 1-year low of $50.77 and a 1-year high of $77.20.
Oshkosh Corporation (NYSE:OSK) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.51. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 earnings per share. Analysts anticipate that Oshkosh Corporation will post $3.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.14%. Oshkosh Corporation’s dividend payout ratio (DPR) is presently 25.07%.
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Several equities research analysts have recently issued reports on OSK shares. Drexel Hamilton upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Friday, August 4th. Zacks Investment Research lowered shares of Oshkosh Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Bank of America Corporation upgraded shares of Oshkosh Corporation from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $60.00 to $78.00 in a research note on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and set a $85.00 price target on shares of Oshkosh Corporation in a research note on Thursday, July 13th. Finally, Barrington Research raised their price target on shares of Oshkosh Corporation from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Oshkosh Corporation presently has an average rating of “Buy” and an average target price of $75.67.
In other news, VP Robert S. Messina sold 3,400 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $75.23, for a total value of $255,782.00. Following the completion of the sale, the vice president now directly owns 12,558 shares of the company’s stock, valued at $944,738.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Marek W. May sold 3,200 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $74.89, for a total transaction of $239,648.00. Following the completion of the sale, the vice president now directly owns 11,068 shares of the company’s stock, valued at $828,882.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,533 shares of company stock valued at $3,810,466. Corporate insiders own 2.00% of the company’s stock.
Oshkosh Corporation Company Profile
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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