Cottage Street Advisors LLC Sells 500 Shares of Oshkosh Corp (NYSE:OSK)

Cottage Street Advisors LLC trimmed its position in Oshkosh Corp (NYSE:OSK) by 3.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 14,951 shares of the company’s stock after selling 500 shares during the period. Cottage Street Advisors LLC’s holdings in Oshkosh were worth $1,133,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Municipal Employees Retirement System of Michigan increased its position in shares of Oshkosh by 1.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,950 shares of the company’s stock worth $1,081,000 after acquiring an additional 140 shares in the last quarter. CWM LLC grew its holdings in Oshkosh by 12.2% in the 2nd quarter. CWM LLC now owns 1,419 shares of the company’s stock worth $118,000 after acquiring an additional 154 shares during the last quarter. Huntington National Bank grew its holdings in Oshkosh by 14.6% in the 2nd quarter. Huntington National Bank now owns 1,511 shares of the company’s stock worth $126,000 after acquiring an additional 192 shares during the last quarter. Magnus Financial Group LLC grew its holdings in Oshkosh by 2.5% in the 2nd quarter. Magnus Financial Group LLC now owns 7,882 shares of the company’s stock worth $658,000 after acquiring an additional 192 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Oshkosh by 4.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,934 shares of the company’s stock worth $374,000 after acquiring an additional 212 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the stock. ValuEngine lowered shares of Oshkosh from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Dougherty & Co began coverage on Oshkosh in a report on Wednesday, August 28th. They set a “buy” rating and a $80.00 price target on the stock. Zacks Investment Research upgraded Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Thursday, July 11th. JPMorgan Chase & Co. raised Oshkosh from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $85.00 to $90.00 in a research report on Wednesday, September 11th. Finally, Citigroup cut their price objective on Oshkosh from $95.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $85.55.

NYSE OSK traded up $0.50 during trading hours on Friday, hitting $80.80. 3,567 shares of the company’s stock traded hands, compared to its average volume of 528,542. The business’s fifty day moving average price is $74.61 and its two-hundred day moving average price is $77.23. 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 firm has a market capitalization of $5.49 billion, a P/E ratio of 12.73, a P/E/G ratio of 0.80 and a beta of 1.97. Oshkosh Corp has a 52 week low of $51.42 and a 52 week high of $86.45.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, August 1st. The company reported $2.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.37 by $0.35. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.29 billion. Oshkosh had a net margin of 7.04% and a return on equity of 22.70%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.20 earnings per share. On average, sell-side analysts expect that Oshkosh Corp will post 8.02 EPS for the current fiscal year.

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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