NorthCoast Asset Management LLC cut its holdings in Oshkosh Corporation (NYSE:OSK) by 11.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 213,188 shares of the company’s stock after selling 27,477 shares during the quarter. Oshkosh Corporation comprises 1.7% of NorthCoast Asset Management LLC’s holdings, making the stock its 23rd biggest position. NorthCoast Asset Management LLC owned approximately 0.28% of Oshkosh Corporation worth $14,684,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OSK. Oregon Public Employees Retirement Fund grew its position in shares of Oshkosh Corporation by 1.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 26,278 shares of the company’s stock valued at $1,802,000 after purchasing an additional 400 shares during the period. State Treasurer State of Michigan grew its position in shares of Oshkosh Corporation by 1.0% in the 1st quarter. State Treasurer State of Michigan now owns 30,300 shares of the company’s stock valued at $2,078,000 after purchasing an additional 300 shares during the period. First Trust Advisors LP grew its position in shares of Oshkosh Corporation by 7.7% in the 1st quarter. First Trust Advisors LP now owns 273,362 shares of the company’s stock valued at $18,750,000 after purchasing an additional 19,523 shares during the period. Advisors Asset Management Inc. grew its position in shares of Oshkosh Corporation by 9.5% in the 1st quarter. Advisors Asset Management Inc. now owns 1,971 shares of the company’s stock valued at $135,000 after purchasing an additional 171 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Oshkosh Corporation by 37.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,503,344 shares of the company’s stock valued at $103,114,000 after purchasing an additional 408,117 shares during the period. Institutional investors and hedge funds own 94.62% of the company’s stock.

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In related news, VP R Scott Grennier sold 4,883 shares of Oshkosh Corporation stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $74.40, for a total transaction of $363,295.20. Following the transaction, the vice president now owns 4,912 shares of the company’s stock, valued at $365,452.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Craig P. Omtvedt sold 7,050 shares of Oshkosh Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $74.82, for a total value of $527,481.00. Following the transaction, the director now directly owns 32,374 shares in the company, valued at approximately $2,422,222.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,533 shares of company stock worth $3,810,466. 2.00% of the stock is owned by insiders.

Several equities analysts recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $85.00 price objective on shares of Oshkosh Corporation in a research report on Thursday. ValuEngine upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Oshkosh Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $85.00 price objective (up from $80.00) on shares of Oshkosh Corporation in a research report on Wednesday, August 9th. Finally, BidaskClub upgraded Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Oshkosh Corporation currently has a consensus rating of “Buy” and a consensus price target of $75.67.

Shares of Oshkosh Corporation (NYSE OSK) traded up 1.51% during midday trading on Friday, hitting $74.45. The stock had a trading volume of 591,654 shares. Oshkosh Corporation has a 52 week low of $50.77 and a 52 week high of $77.20. The company’s 50 day moving average is $72.86 and its 200 day moving average is $69.14. The firm has a market cap of $5.57 billion, a P/E ratio of 22.09 and a beta of 1.77.

Oshkosh Corporation (NYSE:OSK) last announced its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.51. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. Oshkosh Corporation’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 earnings per share. On average, equities analysts predict that Oshkosh Corporation will post $3.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were given a dividend of $0.21 per share. The ex-dividend date was 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%.

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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Institutional Ownership by Quarter for Oshkosh Corporation (NYSE:OSK)

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