Oshkosh Corporation (OSK) Shares Bought by Todd Asset Management LLC
Todd Asset Management LLC increased its position in Oshkosh Corporation (NYSE:OSK) by 5.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 336,808 shares of the company’s stock after buying an additional 16,611 shares during the period. Todd Asset Management LLC owned 0.45% of Oshkosh Corporation worth $21,952,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in OSK. Vanguard Group Inc. boosted its stake in Oshkosh Corporation by 16.8% in the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock worth $464,212,000 after buying an additional 973,348 shares during the last quarter. BlackRock Inc. boosted its stake in Oshkosh Corporation by 5,532.7% in the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock worth $441,107,000 after buying an additional 6,316,906 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Oshkosh Corporation by 4.4% in the first quarter. Alliancebernstein L.P. now owns 4,279,772 shares of the company’s stock worth $293,550,000 after buying an additional 178,674 shares during the last quarter. Aristotle Capital Management LLC boosted its stake in Oshkosh Corporation by 4.6% in the first quarter. Aristotle Capital Management LLC now owns 4,268,889 shares of the company’s stock worth $292,803,000 after buying an additional 188,368 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Oshkosh Corporation by 54.3% in the first quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock worth $202,350,000 after buying an additional 1,037,968 shares during the last quarter. 94.62% of the stock is currently owned by institutional investors.
Oshkosh Corporation (OSK) traded up 1.26% during trading on Friday, reaching $75.54. 42,958 shares of the company were exchanged. Oshkosh Corporation has a 52-week low of $50.77 and a 52-week high of $77.20. The firm’s 50 day moving average is $71.95 and its 200 day moving average is $68.94. The stock has a market capitalization of $5.65 billion, a PE ratio of 22.42 and a beta of 1.81.
Oshkosh Corporation (NYSE:OSK) last issued its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company earned $1.13 earnings per share. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. Analysts expect that Oshkosh Corporation will post $3.95 EPS for the current year.
The firm also recently declared 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 is Wednesday, August 16th. This represents a $0.84 annualized dividend and a dividend yield of 1.13%. Oshkosh Corporation’s payout ratio is 25.07%.
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A number of analysts have weighed in on OSK shares. Drexel Hamilton raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Friday, August 4th. Bank of America Corporation raised shares of Oshkosh Corporation from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $60.00 to $78.00 in a report on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and set a $85.00 price objective on shares of Oshkosh Corporation in a report on Thursday, July 13th. Royal Bank Of Canada raised their price objective on shares of Oshkosh Corporation from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $80.00 target price on shares of Oshkosh Corporation in a research report on Thursday, August 3rd. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Oshkosh Corporation presently has a consensus rating of “Buy” and an average target price of $75.67.
In other news, VP R Scott Grennier sold 4,883 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $74.40, for a total value of $363,295.20. Following the completion of the transaction, the vice president now owns 4,912 shares of the company’s stock, valued at $365,452.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Craig P. Omtvedt sold 7,050 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $74.82, for a total value of $527,481.00. Following the completion of the transaction, the director now directly owns 32,374 shares of the company’s stock, valued at approximately $2,422,222.68. The disclosure for this sale can be found here. In the last three months, insiders sold 50,533 shares of company stock valued at $3,810,466. Company insiders own 2.00% of the company’s stock.
About Oshkosh Corporation
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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