Oshkosh Corporation (OSK) Position Held by KBC Group NV
KBC Group NV continued to hold its stake in Oshkosh Corporation (NYSE:OSK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,750 shares of the company’s stock at the end of the second quarter. KBC Group NV’s holdings in Oshkosh Corporation were worth $121,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. BNP Paribas Arbitrage SA raised its stake in Oshkosh Corporation by 33.9% during the second quarter. BNP Paribas Arbitrage SA now owns 41,837 shares of the company’s stock worth $2,882,000 after purchasing an additional 10,581 shares during the period. Comerica Bank raised its stake in Oshkosh Corporation by 0.9% during the second quarter. Comerica Bank now owns 59,184 shares of the company’s stock worth $4,184,000 after purchasing an additional 500 shares during the period. Legal & General Group Plc raised its stake in Oshkosh Corporation by 1.4% during the second quarter. Legal & General Group Plc now owns 97,049 shares of the company’s stock worth $6,685,000 after purchasing an additional 1,297 shares during the period. Bank of New York Mellon Corp raised its stake in Oshkosh Corporation by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 1,573,659 shares of the company’s stock worth $108,395,000 after purchasing an additional 70,315 shares during the period. Finally, SG Americas Securities LLC raised its stake in Oshkosh Corporation by 38.0% during the second quarter. SG Americas Securities LLC now owns 31,723 shares of the company’s stock worth $2,185,000 after purchasing an additional 8,740 shares during the period. 94.62% of the stock is currently owned by institutional investors.
OSK has been the topic of a number of analyst reports. ValuEngine raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $85.00 target price on shares of Oshkosh Corporation in a research note on Thursday, June 8th. BidaskClub raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Bank of America Corporation downgraded shares of Oshkosh Corporation from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $75.00 to $60.00 in a research note on Friday, July 7th. Finally, Zacks Investment Research downgraded shares of Oshkosh Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Oshkosh Corporation currently has an average rating of “Buy” and an average target price of $75.67.
Oshkosh Corporation (NYSE OSK) opened at 75.41 on Tuesday. The firm has a market cap of $5.64 billion, a PE ratio of 22.38 and a beta of 1.77. The company has a 50 day moving average of $72.96 and a 200-day moving average of $69.17. Oshkosh Corporation has a one year low of $50.77 and a one year high of $77.20.
Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm posted $1.13 earnings per share. Oshkosh Corporation’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts predict that Oshkosh Corporation will post $3.95 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were issued a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.84 annualized dividend and a yield of 1.11%. Oshkosh Corporation’s payout ratio is 25.07%.
In related news, Director Craig P. Omtvedt sold 7,050 shares of the firm’s 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 owns 32,374 shares in the company, valued at $2,422,222.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP R Scott Grennier sold 4,883 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $74.40, for a total transaction of $363,295.20. Following the completion of the transaction, the vice president now owns 4,912 shares in the company, valued at approximately $365,452.80. The disclosure for this sale can be found here. Insiders sold 50,533 shares of company stock worth $3,810,466 in the last 90 days. 2.00% of the stock is currently owned by insiders.
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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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