LSV Asset Management Trims Position in Oshkosh Corp (OSK)
LSV Asset Management cut its position in shares of Oshkosh Corp (NYSE:OSK) by 18.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,010,371 shares of the company’s stock after selling 232,700 shares during the quarter. LSV Asset Management’s holdings in Oshkosh were worth $91,832,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of OSK. JPMorgan Chase & Co. raised its holdings in Oshkosh by 18.4% during the third quarter. JPMorgan Chase & Co. now owns 2,742,675 shares of the company’s stock worth $226,765,000 after purchasing an additional 426,359 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Oshkosh during the fourth quarter worth $31,006,000. Macquarie Group Ltd. raised its holdings in Oshkosh by 999.8% during the second quarter. Macquarie Group Ltd. now owns 313,099 shares of the company’s stock worth $21,566,000 after purchasing an additional 284,631 shares during the last quarter. Koch Industries Inc. acquired a new position in Oshkosh during the second quarter worth $264,000. Finally, Principal Financial Group Inc. raised its holdings in Oshkosh by 30.2% during the third quarter. Principal Financial Group Inc. now owns 772,858 shares of the company’s stock worth $63,792,000 after purchasing an additional 179,180 shares during the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Leslie F. Kenne sold 1,061 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $90.82, for a total value of $96,360.02. Following the completion of the sale, the director now owns 25,320 shares of the company’s stock, valued at $2,299,562.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Wilson R. Jones sold 40,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $85.14, for a total value of $3,405,600.00. Following the completion of the sale, the insider now directly owns 159,859 shares of the company’s stock, valued at approximately $13,610,395.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,214 shares of company stock valued at $9,699,313. 2.00% of the stock is owned by company insiders.
Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 25th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.29. Oshkosh had a return on equity of 16.64% and a net margin of 4.48%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. equities analysts predict that Oshkosh Corp will post 5.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 12th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, February 9th. Oshkosh’s dividend payout ratio (DPR) is presently 22.64%.
OSK has been the subject of a number of analyst reports. SunTrust Banks reissued a “buy” rating on shares of Oshkosh in a report on Friday, January 26th. KeyCorp reissued a “buy” rating and issued a $104.00 price target on shares of Oshkosh in a report on Friday, January 26th. Stifel Nicolaus boosted their price target on Oshkosh from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, January 26th. ValuEngine raised Oshkosh from a “hold” rating to a “buy” rating in a report on Friday. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $100.00 price target on shares of Oshkosh in a report on Thursday, November 2nd. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $94.54.
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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