Qube Research & Technologies Ltd Acquires New Shares in Oshkosh Corp (NYSE:OSK)
Qube Research & Technologies Ltd acquired a new stake in Oshkosh Corp (NYSE:OSK) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,135 shares of the company’s stock, valued at approximately $262,000.
Other large investors have also added to or reduced their stakes in the company. Personal Wealth Partners acquired a new stake in shares of Oshkosh during the second quarter valued at about $25,000. FinTrust Capital Advisors LLC raised its position in shares of Oshkosh by 1,128.6% during the first quarter. FinTrust Capital Advisors LLC now owns 344 shares of the company’s stock worth $26,000 after acquiring an additional 316 shares during the last quarter. Machina Capital S.A.S. raised its position in shares of Oshkosh by 255.9% during the second quarter. Machina Capital S.A.S. now owns 573 shares of the company’s stock worth $48,000 after acquiring an additional 412 shares during the last quarter. NEXT Financial Group Inc bought a new position in shares of Oshkosh during the second quarter worth about $54,000. Finally, Capital Investment Advisory Services LLC raised its position in shares of Oshkosh by 35.3% during the first quarter. Capital Investment Advisory Services LLC now owns 763 shares of the company’s stock worth $57,000 after acquiring an additional 199 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.
OSK has been the subject of a number of analyst reports. ValuEngine downgraded Oshkosh from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Thursday, July 11th. JPMorgan Chase & Co. downgraded Oshkosh from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $80.00 to $85.00 in a research report on Wednesday, May 1st. UBS Group initiated coverage on Oshkosh in a research report on Tuesday, April 23rd. They set a “neutral” rating and a $85.00 price objective for the company. Finally, Evercore ISI upgraded Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 price objective for the company in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $82.55.
Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, August 1st. The company reported $2.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.37 by $0.35. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.29 billion. Oshkosh had a return on equity of 22.70% and a net margin of 7.04%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 earnings per share. As a group, equities analysts expect that Oshkosh Corp will post 8.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th will be issued a $0.27 dividend. The ex-dividend date is Friday, August 16th. This represents a $1.08 dividend on an annualized basis and a yield of 1.56%. Oshkosh’s payout ratio is currently 16.98%.
In other Oshkosh news, VP James W. Johnson sold 11,029 shares of Oshkosh stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $76.05, for a total value of $838,755.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.
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