Dynamic Technology Lab Private Ltd Increases Position in Oshkosh Corp (OSK)
Dynamic Technology Lab Private Ltd increased its position in Oshkosh Corp (NYSE:OSK) by 195.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,323 shares of the company’s stock after purchasing an additional 18,079 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Oshkosh were worth $1,947,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Arizona State Retirement System increased its position in Oshkosh by 1.6% in the second quarter. Arizona State Retirement System now owns 51,320 shares of the company’s stock worth $3,609,000 after purchasing an additional 813 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in Oshkosh by 12.5% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,920 shares of the company’s stock worth $564,000 after purchasing an additional 880 shares during the period. Aperio Group LLC increased its position in Oshkosh by 2.4% in the third quarter. Aperio Group LLC now owns 38,368 shares of the company’s stock worth $2,733,000 after purchasing an additional 902 shares during the period. Oregon Public Employees Retirement Fund increased its position in Oshkosh by 3.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 29,045 shares of the company’s stock worth $2,042,000 after purchasing an additional 981 shares during the period. Finally, Meeder Asset Management Inc. increased its position in Oshkosh by 29.9% in the third quarter. Meeder Asset Management Inc. now owns 4,509 shares of the company’s stock worth $322,000 after purchasing an additional 1,039 shares during the period. Hedge funds and other institutional investors own 88.57% of the company’s stock.
In other news, EVP Frank R. Nerenhausen sold 10,000 shares of Oshkosh stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $70.00, for a total transaction of $700,000.00. Following the transaction, the executive vice president now owns 62,385 shares in the company, valued at approximately $4,366,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tina R. Schoner acquired 630 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were acquired at an average price of $66.78 per share, for a total transaction of $42,071.40. Following the acquisition, the senior vice president now directly owns 630 shares in the company, valued at $42,071.40. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.
Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, November 1st. The company reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.35. Oshkosh had a return on equity of 19.93% and a net margin of 6.12%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the business earned $1.38 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that Oshkosh Corp will post 7.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 19th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Friday, November 16th. This is a boost from Oshkosh’s previous quarterly dividend of $0.24. Oshkosh’s payout ratio is 16.98%.
OSK has been the subject of a number of research reports. ValuEngine lowered Oshkosh from a “sell” rating to a “strong sell” rating in a research report on Friday, August 10th. Bank of America reduced their target price on Oshkosh from $84.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, August 17th. Buckingham Research initiated coverage on Oshkosh in a report on Tuesday, August 28th. They set a “neutral” rating and a $76.00 target price on the stock. Deutsche Bank set a $77.00 target price on Oshkosh and gave the stock a “hold” rating in a report on Wednesday, September 5th. Finally, Zacks Investment Research cut Oshkosh from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Oshkosh presently has an average rating of “Hold” and a consensus price target of $86.17.
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Oshkosh Company Profile
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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