Seelaus Asset Management LLC reduced its holdings in shares of Oshkosh Corp (NYSE:OSK) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,260 shares of the company’s stock after selling 1,000 shares during the period. Oshkosh comprises about 1.2% of Seelaus Asset Management LLC’s investment portfolio, making the stock its 27th biggest position. Seelaus Asset Management LLC’s holdings in Oshkosh were worth $1,274,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Personal Wealth Partners acquired a new position in Oshkosh in the second quarter valued at about $25,000. FinTrust Capital Advisors LLC boosted its position in Oshkosh by 1,128.6% in the first quarter. FinTrust Capital Advisors LLC now owns 344 shares of the company’s stock valued at $26,000 after buying an additional 316 shares in the last quarter. Gemmer Asset Management LLC boosted its position in Oshkosh by 99.6% in the first quarter. Gemmer Asset Management LLC now owns 563 shares of the company’s stock valued at $42,000 after buying an additional 281 shares in the last quarter. Machina Capital S.A.S. boosted its position in Oshkosh by 255.9% in the second quarter. Machina Capital S.A.S. now owns 573 shares of the company’s stock valued at $48,000 after buying an additional 412 shares in the last quarter. Finally, NEXT Financial Group Inc acquired a new position in Oshkosh in the second quarter valued at about $54,000. Institutional investors and hedge funds own 89.87% of the company’s stock.
Shares of NYSE OSK traded up $1.47 during trading on Tuesday, reaching $72.59. The company had a trading volume of 11,689 shares, compared to its average volume of 711,201. Oshkosh Corp has a 52 week low of $51.42 and a 52 week high of $86.45. The stock has a market cap of $4.96 billion, a PE ratio of 11.47, a PEG ratio of 0.79 and a beta of 1.95. The company has a current ratio of 1.99, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $81.53.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, August 16th. Oshkosh’s dividend payout ratio (DPR) is 16.98%.
A number of equities analysts have commented on OSK shares. Evercore ISI upgraded shares of Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 price target on the stock in a research report on Thursday, August 1st. JPMorgan Chase & Co. lowered shares of Oshkosh from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $80.00 to $85.00 in a research report on Wednesday, May 1st. Citigroup reduced their price target on shares of Oshkosh from $95.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. UBS Group assumed coverage on shares of Oshkosh in a research note on Tuesday, April 23rd. They issued a “neutral” rating and a $85.00 target price for the company. Finally, Zacks Investment Research raised shares of Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Thursday, July 11th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $82.55.
In related news, VP James W. Johnson sold 11,029 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $76.05, for a total transaction of $838,755.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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