Millennium Management LLC lowered its position in Oshkosh Corp (NYSE:OSK) by 9.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 964,795 shares of the company’s stock after selling 100,331 shares during the quarter. Millennium Management LLC owned about 1.32% of Oshkosh worth $67,844,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OSK. Victory Capital Management Inc. increased its holdings in shares of Oshkosh by 676.2% in the first quarter. Victory Capital Management Inc. now owns 165,431 shares of the company’s stock worth $12,782,000 after purchasing an additional 144,117 shares during the period. Swiss National Bank increased its stake in Oshkosh by 2.4% in the first quarter. Swiss National Bank now owns 130,400 shares of the company’s stock valued at $10,076,000 after acquiring an additional 3,000 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Oshkosh by 3.9% in the first quarter. Envestnet Asset Management Inc. now owns 57,301 shares of the company’s stock valued at $4,428,000 after acquiring an additional 2,129 shares during the last quarter. Systematic Financial Management LP increased its stake in Oshkosh by 3.8% in the first quarter. Systematic Financial Management LP now owns 130,626 shares of the company’s stock valued at $10,093,000 after acquiring an additional 4,729 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Oshkosh by 4.0% in the first quarter. Northern Trust Corp now owns 669,971 shares of the company’s stock valued at $51,769,000 after acquiring an additional 25,797 shares during the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

NYSE OSK opened at $73.89 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.88 and a debt-to-equity ratio of 0.34. Oshkosh Corp has a 12-month low of $66.77 and a 12-month high of $100.26. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 0.66 and a beta of 1.51.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.18. Oshkosh had a net margin of 5.44% and a return on equity of 19.19%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the business posted $1.84 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. sell-side analysts predict that Oshkosh Corp will post 6.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 30th. Shareholders of record on Thursday, August 16th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, August 15th. This represents a $0.96 annualized dividend and a yield of 1.30%. Oshkosh’s payout ratio is 22.59%.

In other Oshkosh news, VP David M. Sagehorn sold 45,000 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $75.40, for a total transaction of $3,393,000.00. Following the completion of the sale, the vice president now directly owns 179,097 shares in the company, valued at $13,503,913.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Wilson R. Jones sold 47,000 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $72.02, for a total transaction of $3,384,940.00. Following the sale, the insider now owns 180,862 shares of the company’s stock, valued at $13,025,681.24. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

A number of research analysts recently commented on the company. Buckingham Research assumed coverage on Oshkosh in a research note on Tuesday, August 28th. They issued a “neutral” rating and a $76.00 target price on the stock. Credit Suisse Group reduced their target price on Oshkosh from $96.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 1st. Zacks Investment Research raised Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Sunday, July 15th. Stifel Nicolaus reduced their target price on Oshkosh from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Finally, Longbow Research assumed coverage on Oshkosh in a research note on Friday, July 13th. They issued a “buy” rating and a $88.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $89.87.

About Oshkosh

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; and chassis and service parts sales.

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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