Chartwell Investment Partners LLC cut its stake in shares of Oshkosh Corp (NYSE:OSK) by 13.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,903 shares of the company’s stock after selling 6,197 shares during the period. Chartwell Investment Partners LLC owned about 0.06% of Oshkosh worth $2,786,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Highland Capital Management LLC grew its position in Oshkosh by 0.6% during the second quarter. Highland Capital Management LLC now owns 27,966 shares of the company’s stock valued at $2,003,000 after purchasing an additional 168 shares in the last quarter. Nicolet Advisory Services LLC grew its position in Oshkosh by 1.9% in the first quarter. Nicolet Advisory Services LLC now owns 10,072 shares of the company’s stock worth $648,000 after acquiring an additional 186 shares in the last quarter. Magnus Financial Group LLC grew its position in Oshkosh by 2.5% in the first quarter. Magnus Financial Group LLC now owns 7,881 shares of the company’s stock worth $507,000 after acquiring an additional 191 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Oshkosh by 6.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,016 shares of the company’s stock worth $258,000 after acquiring an additional 240 shares in the last quarter. Finally, Oarsman Capital Inc. grew its position in Oshkosh by 7.4% in the first quarter. Oarsman Capital Inc. now owns 3,640 shares of the company’s stock worth $234,000 after acquiring an additional 250 shares in the last quarter. 93.32% of the stock is currently owned by hedge funds and other institutional investors.
OSK has been the subject of several recent research reports. Stifel Nicolaus boosted their target price on shares of Oshkosh from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. UBS Group decreased their target price on shares of Oshkosh from $89.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. ValuEngine raised shares of Oshkosh from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Morgan Stanley decreased their target price on shares of Oshkosh from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Bank of America cut shares of Oshkosh from a “buy” rating to a “neutral” rating and set a $66.00 price objective for the company. in a research note on Monday, April 13th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $83.73.
Oshkosh (NYSE:OSK) last released its earnings results on Thursday, July 30th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.80. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Oshkosh had a net margin of 5.15% and a return on equity of 14.93%. The business’s quarterly revenue was down 33.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.72 EPS. As a group, equities research analysts anticipate that Oshkosh Corp will post 3.93 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, August 14th. Oshkosh’s payout ratio is currently 14.44%.
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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