World Asset Management Inc increased its stake in shares of Oshkosh Corp (NYSE:OSK) by 23.1% during the 1st quarter, HoldingsChannel reports. The fund owned 4,931 shares of the company’s stock after purchasing an additional 925 shares during the quarter. World Asset Management Inc’s holdings in Oshkosh were worth $370,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in OSK. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Oshkosh during the 4th quarter worth $26,000. Oregon Public Employees Retirement Fund grew its position in Oshkosh by 6,031.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,790,926 shares of the company’s stock worth $29,000 after purchasing an additional 1,761,717 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new position in Oshkosh during the 4th quarter worth $35,000. Gemmer Asset Management LLC grew its position in Oshkosh by 99.6% during the 1st quarter. Gemmer Asset Management LLC now owns 563 shares of the company’s stock worth $42,000 after purchasing an additional 281 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in Oshkosh by 85.1% during the 4th quarter. Advisory Services Network LLC now owns 731 shares of the company’s stock worth $45,000 after purchasing an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 89.93% of the company’s stock.
Shares of NYSE OSK opened at $78.15 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.86 and a debt-to-equity ratio of 0.33. Oshkosh Corp has a 52 week low of $51.42 and a 52 week high of $84.86. The stock has a market capitalization of $5.67 billion, a P/E ratio of 12.29, a P/E/G ratio of 0.90 and a beta of 1.94.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, May 15th. Oshkosh’s dividend payout ratio (DPR) is 16.98%.
OSK has been the topic of several research reports. JPMorgan Chase & Co. raised shares of Oshkosh from a “neutral” rating to an “overweight” rating and set a $80.00 price objective on the stock in a research report on Thursday, January 10th. Zacks Investment Research raised shares of Oshkosh from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Friday, January 11th. Bank of America raised shares of Oshkosh from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Thursday, January 31st. Royal Bank of Canada lifted their target price on shares of Oshkosh to $90.00 and gave the company an “outperform” rating in a report on Thursday, January 31st. Finally, ValuEngine raised shares of Oshkosh from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Oshkosh currently has a consensus rating of “Hold” and an average target price of $85.07.
In related news, SVP Bradley M. Nelson sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $78.94, for a total value of $513,110.00. Following the completion of the sale, the senior vice president now owns 25,082 shares in the company, valued at $1,979,973.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP R Scott Grennier sold 3,784 shares of the firm’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $80.67, for a total transaction of $305,255.28. Following the completion of the sale, the vice president now owns 4,780 shares of the company’s stock, valued at approximately $385,602.60. The disclosure for this sale can be found here. Insiders sold 80,928 shares of company stock valued at $6,398,679 in the last quarter. Company insiders own 1.90% 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 services; and chassis and service parts sales.
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