Natixis Takes $5.24 Million Position in Oshkosh Corp (NYSE:OSK)

Natixis purchased a new position in Oshkosh Corp (NYSE:OSK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 74,504 shares of the company’s stock, valued at approximately $5,239,000. Natixis owned approximately 0.10% of Oshkosh at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Penserra Capital Management LLC bought a new stake in shares of Oshkosh during the first quarter valued at approximately $105,000. Optimum Investment Advisors bought a new stake in shares of Oshkosh during the first quarter valued at approximately $106,000. Cornerstone Wealth Management LLC bought a new stake in shares of Oshkosh during the second quarter valued at approximately $200,000. Sawtooth Solutions LLC bought a new stake in shares of Oshkosh during the second quarter valued at approximately $202,000. Finally, Trexquant Investment LP bought a new stake in shares of Oshkosh during the second quarter valued at approximately $218,000. 89.34% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the stock. Buckingham Research assumed coverage on shares of Oshkosh in a research report on Tuesday, August 28th. They set a “neutral” rating and a $76.00 price target for the company. Credit Suisse Group dropped their target price on shares of Oshkosh from $96.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, August 1st. Zacks Investment Research upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Sunday, July 15th. Stifel Nicolaus dropped their target price on shares of Oshkosh from $106.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, August 1st. Finally, Longbow Research began coverage on shares of Oshkosh in a report on Friday, July 13th. They issued a “buy” rating and a $88.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Oshkosh presently has an average rating of “Hold” and an average target price of $89.87.

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

OSK opened at $69.90 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.88. Oshkosh Corp has a fifty-two week low of $66.77 and a fifty-two week high of $100.26. The firm has a market cap of $5.21 billion, a P/E ratio of 16.26, a PEG ratio of 0.65 and a beta of 1.48.

Oshkosh (NYSE:OSK) last released its earnings results on Tuesday, July 31st. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.18. Oshkosh had a net margin of 5.44% and a return on equity of 19.19%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the company earned $1.84 EPS. Oshkosh’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities analysts expect that Oshkosh Corp will post 6.03 earnings per share for the current year.

Oshkosh 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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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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