Daiwa Securities Group Inc. Sells 81,600 Shares of Oshkosh Corp (OSK)
Daiwa Securities Group Inc. lessened its holdings in shares of Oshkosh Corp (NYSE:OSK) by 42.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 109,700 shares of the company’s stock after selling 81,600 shares during the period. Daiwa Securities Group Inc.’s holdings in Oshkosh were worth $9,971,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in OSK. Cerebellum GP LLC bought a new stake in shares of Oshkosh during the 4th quarter valued at about $130,000. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Oshkosh during the 4th quarter valued at about $203,000. CIBC Asset Management Inc bought a new stake in shares of Oshkosh during the 3rd quarter valued at about $208,000. Rothschild Investment Corp IL bought a new stake in shares of Oshkosh during the 4th quarter valued at about $218,000. Finally, HighTower Advisors LLC grew its position in Oshkosh by 5.5% in the 2nd quarter. HighTower Advisors LLC now owns 3,849 shares of the company’s stock worth $264,000 after purchasing an additional 201 shares during the last quarter. 94.25% of the stock is owned by institutional investors and hedge funds.
Oshkosh Corp (NYSE:OSK) opened at $86.52 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.86 and a debt-to-equity ratio of 0.35. The stock has a market cap of $6,760.00, a P/E ratio of 20.36, a PEG ratio of 1.08 and a beta of 1.53. Oshkosh Corp has a 1-year low of $61.74 and a 1-year high of $100.26.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, February 12th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, February 9th. Oshkosh’s dividend payout ratio (DPR) is presently 22.59%.
Several research analysts have commented on OSK shares. Stifel Nicolaus restated a “buy” rating and issued a $100.00 target price on shares of Oshkosh in a research report on Wednesday, November 1st. ValuEngine upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. SunTrust Banks upped their target price on shares of Oshkosh to $102.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Royal Bank of Canada restated a “buy” rating and issued a $100.00 target price on shares of Oshkosh in a research report on Thursday, November 2nd. Finally, Jefferies Group upped their target price on shares of Oshkosh from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Oshkosh currently has a consensus rating of “Buy” and a consensus target price of $94.54.
In other news, VP Colleen R. Moynihan sold 5,325 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $85.85, for a total value of $457,151.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP R Scott Grennier sold 3,369 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $85.79, for a total transaction of $289,026.51. Following the completion of the transaction, the vice president now owns 7,574 shares of the company’s stock, valued at $649,773.46. The disclosure for this sale can be found here. Insiders sold 100,955 shares of company stock valued at $8,744,467 over the last quarter. Insiders own 2.00% of the company’s stock.
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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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