SG Americas Securities LLC Buys 46,094 Shares of Oshkosh Corporation $OSK

SG Americas Securities LLC boosted its position in shares of Oshkosh Corporation (NYSE:OSK) by 2,132.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,256 shares of the company’s stock after acquiring an additional 46,094 shares during the period. SG Americas Securities LLC owned 0.08% of Oshkosh worth $6,062,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Oshkosh during the 2nd quarter valued at approximately $98,570,000. Alliancebernstein L.P. boosted its stake in Oshkosh by 908.0% in the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock worth $118,481,000 after purchasing an additional 822,874 shares during the period. Capital Research Global Investors purchased a new stake in Oshkosh during the 3rd quarter valued at approximately $63,441,000. UBS Group AG grew its holdings in Oshkosh by 162.3% during the 3rd quarter. UBS Group AG now owns 603,041 shares of the company’s stock valued at $78,214,000 after buying an additional 373,172 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Oshkosh by 25.4% during the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after buying an additional 345,782 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Up 6.7%

Shares of NYSE OSK opened at $146.93 on Wednesday. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $180.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. The business’s 50 day moving average is $158.38 and its two-hundred day moving average is $141.04. The stock has a market capitalization of $9.20 billion, a P/E ratio of 14.66, a PEG ratio of 0.71 and a beta of 1.37.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.Oshkosh’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.58 EPS. As a group, research analysts expect that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a yield of 1.6%. Oshkosh’s payout ratio is presently 22.75%.

Insiders Place Their Bets

In other news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the sale, the senior vice president owned 13,577 shares of the company’s stock, valued at approximately $2,295,463.39. This represents a 22.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

OSK has been the subject of a number of research reports. DA Davidson upped their target price on shares of Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Citigroup lifted their price target on shares of Oshkosh from $170.00 to $180.00 and gave the company a “buy” rating in a report on Monday, March 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. Morgan Stanley cut their price target on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating for the company in a report on Tuesday, February 3rd. Finally, Wells Fargo & Company boosted their price target on shares of Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and a consensus price target of $165.31.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.