Oshkosh Corp (OSK) Holdings Cut by Systematic Financial Management LP

Systematic Financial Management LP lessened its stake in shares of Oshkosh Corp (NYSE:OSK) by 45.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 223,163 shares of the company’s stock after selling 187,244 shares during the quarter. Systematic Financial Management LP’s holdings in Oshkosh were worth $16,766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. LSV Asset Management raised its holdings in Oshkosh by 98.5% during the 4th quarter. LSV Asset Management now owns 2,207,284 shares of the company’s stock worth $135,328,000 after buying an additional 1,095,275 shares during the period. Oregon Public Employees Retirement Fund raised its holdings 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 buying an additional 1,761,717 shares during the period. Thrivent Financial for Lutherans raised its holdings in Oshkosh by 2.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 969,065 shares of the company’s stock worth $59,414,000 after buying an additional 19,672 shares during the period. Bank of New York Mellon Corp raised its holdings in Oshkosh by 2.2% during the 4th quarter. Bank of New York Mellon Corp now owns 911,706 shares of the company’s stock worth $55,897,000 after buying an additional 19,557 shares during the period. Finally, Norges Bank acquired a new stake in Oshkosh during the 4th quarter worth about $51,926,000. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Several analysts have issued reports on the company. JPMorgan Chase & Co. downgraded Oshkosh from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $80.00 to $85.00 in a report on Wednesday, May 1st. Citigroup lifted their target price on Oshkosh from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. UBS Group started coverage on Oshkosh in a research note on Tuesday, April 23rd. They set a “neutral” rating and a $85.00 target price on the stock. reaffirmed a “sell” rating on shares of Oshkosh in a research note on Wednesday, February 13th. Finally, reaffirmed a “sell” rating on shares of Oshkosh in a research note on Wednesday, February 13th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $85.07.

In related news, insider Wilson R. Jones sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $79.04, for a total value of $1,264,640.00. Following the completion of the sale, the insider now owns 168,274 shares of the company’s stock, valued at approximately $13,300,376.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Bradley M. Nelson sold 6,500 shares of the business’s stock in a transaction that occurred on 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 directly owns 25,082 shares of the company’s stock, valued at approximately $1,979,973.08. The disclosure for this sale can be found here. In the last three months, insiders sold 80,928 shares of company stock valued at $6,398,679. 1.60% of the stock is currently owned by company insiders.

NYSE:OSK traded down $1.25 on Friday, hitting $78.03. 947,390 shares of the company’s stock traded hands, compared to its average volume of 572,694. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.86 and a quick ratio of 1.03. Oshkosh Corp has a 1 year low of $51.42 and a 1 year high of $84.86. The stock has a market cap of $5.54 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.88 and a beta of 1.94.

Oshkosh (NYSE:OSK) last released its earnings results on Tuesday, April 30th. The company reported $1.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.20. Oshkosh had a return on equity of 21.98% and a net margin of 6.76%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business posted $1.54 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that Oshkosh Corp will post 7.76 earnings per share for the current year.

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.08 annualized dividend and a dividend yield of 1.38%. Oshkosh’s payout ratio is 16.98%.

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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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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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