Suntrust Banks Inc. reduced its stake in shares of Oshkosh Corporation (NYSE:OSK) by 28.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,854 shares of the company’s stock after selling 12,930 shares during the quarter. Suntrust Banks Inc.’s holdings in Oshkosh Corporation were worth $2,193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Oshkosh Corporation by 3.7% during the second quarter. Vanguard Group Inc. now owns 7,019,731 shares of the company’s stock valued at $483,519,000 after purchasing an additional 251,809 shares during the last quarter. BlackRock Inc. grew its stake in shares of Oshkosh Corporation by 5,532.7% during the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock valued at $441,107,000 after purchasing an additional 6,316,906 shares during the last quarter. Aristotle Capital Management LLC grew its stake in shares of Oshkosh Corporation by 4.6% during the first quarter. Aristotle Capital Management LLC now owns 4,268,889 shares of the company’s stock valued at $292,803,000 after purchasing an additional 188,368 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Oshkosh Corporation by 54.3% during the first quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock valued at $202,350,000 after purchasing an additional 1,037,968 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Oshkosh Corporation by 85.0% during the second quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock valued at $159,548,000 after purchasing an additional 1,063,971 shares during the last quarter. 94.64% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the stock. ValuEngine raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $85.00 price target (up from $80.00) on shares of Oshkosh Corporation in a research note on Wednesday, August 9th. BidaskClub raised shares of Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Jefferies Group LLC reissued a “buy” rating and set a $85.00 price target on shares of Oshkosh Corporation in a research note on Thursday, June 8th. Finally, Deutsche Bank AG increased their price target on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Five 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 stock. The company presently has a consensus rating of “Buy” and an average target price of $81.40.

In other Oshkosh Corporation news, VP R Scott Grennier sold 4,883 shares of the business’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 sale, the vice president now directly owns 4,912 shares of the company’s stock, valued at approximately $365,452.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert S. Messina sold 3,400 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $75.23, for a total transaction of $255,782.00. Following the sale, the vice president now directly owns 12,558 shares in the company, valued at $944,738.34. The disclosure for this sale can be found here. Insiders have sold a total of 50,533 shares of company stock worth $3,810,466 over the last three months. Insiders own 2.00% of the company’s stock.

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Oshkosh Corporation (NYSE:OSK) opened at 82.54 on Friday. Oshkosh Corporation has a 52 week low of $50.77 and a 52 week high of $83.49. The firm has a 50-day moving average of $74.30 and a 200-day moving average of $69.56. The company has a market capitalization of $6.18 billion, a PE ratio of 24.49 and a beta of 1.77.

Oshkosh Corporation (NYSE:OSK) last posted its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, topping the Zacks’ 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 period in the previous year, the firm posted $1.13 EPS. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities analysts expect that Oshkosh Corporation will post $3.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Wednesday, August 16th. Oshkosh Corporation’s payout ratio is 25.07%.

Oshkosh Corporation 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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