Oshkosh Corp (OSK) Shares Sold by Anchor Bolt Capital LP
Anchor Bolt Capital LP lowered its stake in shares of Oshkosh Corp (NYSE:OSK) by 19.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 628,548 shares of the company’s stock after selling 148,869 shares during the quarter. Oshkosh comprises about 2.1% of Anchor Bolt Capital LP’s holdings, making the stock its 16th largest position. Anchor Bolt Capital LP owned 0.84% of Oshkosh worth $51,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC acquired a new stake in Oshkosh during the 2nd quarter worth approximately $7,006,000. American Century Companies Inc. increased its position in Oshkosh by 116.7% during the 2nd quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock worth $47,467,000 after purchasing an additional 371,089 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Oshkosh by 33.9% during the 2nd 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 in the last quarter. JPMorgan Chase & Co. increased its position in Oshkosh by 85.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock worth $159,548,000 after purchasing an additional 1,063,971 shares in the last quarter. Finally, Citigroup Inc. increased its position in Oshkosh by 270.2% during the 2nd quarter. Citigroup Inc. now owns 52,729 shares of the company’s stock worth $3,632,000 after purchasing an additional 38,484 shares in the last quarter. 93.61% of the stock is owned by institutional investors.
In related news, VP James W. Johnson sold 22,300 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $90.59, for a total transaction of $2,020,157.00. Following the transaction, the vice president now directly owns 51,673 shares in the company, valued at $4,681,057.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Colleen R. Moynihan sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $87.62, for a total value of $350,480.00. Following the transaction, the vice president now owns 7,347 shares in the company, valued at $643,744.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,153 shares of company stock valued at $9,953,433. Company insiders own 2.00% of the company’s stock.
A number of research firms recently issued reports on OSK. Royal Bank Of Canada reissued a “buy” rating and set a $100.00 target price on shares of Oshkosh in a research report on Thursday, November 2nd. Jefferies Group upped their price target on Oshkosh from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. J P Morgan Chase & Co upped their price target on Oshkosh from $80.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and issued a $97.00 price target on shares of Oshkosh in a report on Wednesday, November 1st. Finally, KeyCorp restated an “overweight” rating and issued a $100.00 price target (up previously from $90.00) on shares of Oshkosh in a report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $92.85.
Oshkosh Corp (NYSE OSK) traded down $1.66 during trading on Thursday, hitting $87.91. The stock had a trading volume of 740,600 shares, compared to its average volume of 684,963. The stock has a market cap of $6,733.00, a PE ratio of 21.13, a P/E/G ratio of 1.19 and a beta of 1.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.09 and a current ratio of 1.81. Oshkosh Corp has a 12 month low of $61.74 and a 12 month high of $94.16.
Oshkosh (NYSE:OSK) last released its earnings results on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.36. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Oshkosh had a return on equity of 15.14% and a net margin of 4.18%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 EPS. equities analysts forecast that Oshkosh Corp will post 4.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were paid a dividend of $0.24 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Wednesday, November 15th. Oshkosh’s dividend payout ratio is 25.53%.
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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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