First Financial Bank Trust Division cut its stake in shares of Oshkosh Corp (NYSE:OSK) by 62.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,128 shares of the company’s stock after selling 29,756 shares during the period. First Financial Bank Trust Division’s holdings in Oshkosh were worth $1,362,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Oshkosh during the fourth quarter worth approximately $26,000. Capital Investment Advisory Services LLC acquired a new stake in Oshkosh during the fourth quarter worth approximately $35,000. Advisory Services Network LLC lifted its position in Oshkosh by 85.1% during the fourth quarter. Advisory Services Network LLC now owns 731 shares of the company’s stock worth $45,000 after acquiring an additional 336 shares during the last quarter. Executive Wealth Management LLC acquired a new stake in Oshkosh during the fourth quarter worth approximately $45,000. Finally, JOYN Advisors Inc. lifted its position in Oshkosh by 18.2% during the fourth quarter. JOYN Advisors Inc. now owns 993 shares of the company’s stock worth $61,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 89.58% of the company’s stock.
OSK has been the topic of several recent research reports. UBS Group initiated coverage on shares of Oshkosh in a report on Tuesday. They set a “neutral” rating and a $85.00 target price on the stock. reissued a “sell” rating on shares of Oshkosh in a research note on Wednesday, February 13th. reissued a “sell” rating on shares of Oshkosh in a research note on Wednesday, February 13th. ValuEngine raised shares of Oshkosh from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, Zacks Investment Research cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $83.92.
Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, January 30th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.67. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.67 billion. Oshkosh had a net margin of 6.62% and a return on equity of 21.83%. Oshkosh’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 earnings per share. Equities analysts anticipate that Oshkosh Corp will post 7.47 earnings per share for the current year.
In related news, EVP John J. Bryant sold 4,819 shares of the business’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $77.85, for a total value of $375,159.15. Following the transaction, the executive vice president now owns 6,309 shares in the company, valued at $491,155.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ignacio A. Cortina sold 5,000 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $74.66, for a total transaction of $373,300.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,928 shares of company stock worth $6,771,979. 1.60% of the stock is owned by company insiders.
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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 services; and chassis and service parts sales.
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