Oregon Public Employees Retirement Fund lifted its position in shares of Oshkosh Corp (NYSE:OSK) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,045 shares of the company’s stock after purchasing an additional 981 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Oshkosh were worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in OSK. Optimum Investment Advisors acquired a new stake in Oshkosh in the 1st quarter valued at $106,000. Penserra Capital Management LLC acquired a new stake in Oshkosh in the 1st quarter valued at $105,000. Sawtooth Solutions LLC bought a new position in Oshkosh in the 2nd quarter valued at $202,000. Koch Industries Inc. bought a new position in Oshkosh in the 1st quarter valued at $231,000. Finally, Trexquant Investment LP bought a new position in Oshkosh in the 2nd quarter valued at $218,000. 89.34% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on OSK. KeyCorp cut their price objective on Oshkosh from $104.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, August 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $98.00 price objective on shares of Oshkosh in a research report on Wednesday, August 1st. Stifel Nicolaus cut their price objective on Oshkosh from $106.00 to $102.00 and set a “buy” rating for the company in a research report on Wednesday, August 1st. Zacks Investment Research upgraded Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Sunday, July 15th. Finally, Credit Suisse Group cut their price objective on Oshkosh from $96.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $89.87.
Shares of OSK stock traded down $2.18 on Friday, reaching $69.92. 455,522 shares of the stock were exchanged, compared to its average volume of 738,351. The company has a market cap of $5.21 billion, a P/E ratio of 16.45, a PEG ratio of 0.65 and a beta of 1.48. Oshkosh Corp has a one year low of $66.77 and a one year high of $100.26. 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 (NYSE:OSK) last released its earnings results on Tuesday, July 31st. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.18. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.16 billion. Oshkosh had a return on equity of 19.19% and a net margin of 5.44%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 earnings per share. As a group, equities research analysts anticipate that Oshkosh Corp will post 6.03 earnings per share for the current fiscal year.
In other news, VP David M. Sagehorn sold 45,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was 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 owns 179,097 shares in the company, valued at $13,503,913.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Wilson R. Jones sold 47,000 shares of the business’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $72.02, for a total value of $3,384,940.00. Following the sale, the insider now owns 180,862 shares of the company’s stock, valued at approximately $13,025,681.24. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
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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