Commonwealth Equity Services LLC Increases Stock Position in Oshkosh Corp (NYSE:OSK)

Commonwealth Equity Services LLC grew its position in Oshkosh Corp (NYSE:OSK) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,598 shares of the company’s stock after purchasing an additional 259 shares during the period. Commonwealth Equity Services LLC’s holdings in Oshkosh were worth $651,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. State of Tennessee Treasury Department raised its holdings in shares of Oshkosh by 4.4% in the third quarter. State of Tennessee Treasury Department now owns 57,217 shares of the company’s stock valued at $4,337,000 after purchasing an additional 2,400 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Oshkosh by 2.2% in the third quarter. Retirement Systems of Alabama now owns 178,836 shares of the company’s stock valued at $13,556,000 after purchasing an additional 3,807 shares during the last quarter. Executive Wealth Management LLC raised its holdings in shares of Oshkosh by 70.6% in the third quarter. Executive Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after purchasing an additional 142 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Oshkosh by 10.0% in the third quarter. Janney Montgomery Scott LLC now owns 20,945 shares of the company’s stock valued at $1,588,000 after purchasing an additional 1,911 shares during the last quarter. Finally, D.B. Root & Company LLC raised its holdings in shares of Oshkosh by 76.5% in the third quarter. D.B. Root & Company LLC now owns 6,000 shares of the company’s stock valued at $454,000 after purchasing an additional 2,600 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

OSK opened at $91.09 on Monday. The firm has a market cap of $6.20 billion, a P/E ratio of 10.96, a PEG ratio of 0.92 and a beta of 1.99. The firm has a 50-day moving average of $80.06 and a 200 day moving average of $78.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.24 and a current ratio of 1.96. Oshkosh Corp has a fifty-two week low of $56.47 and a fifty-two week high of $92.63.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.29. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Oshkosh had a net margin of 6.91% and a return on equity of 23.21%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.80 earnings per share. Equities research analysts predict that Oshkosh Corp will post 7.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, November 15th. This represents a $1.20 annualized dividend and a yield of 1.32%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.27. Oshkosh’s dividend payout ratio is presently 13.00%.

Several analysts have recently commented on the stock. National Bank Financial reiterated an “outperform” rating on shares of Oshkosh in a report on Friday. Evercore ISI upgraded shares of Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 target price for the company in a report on Thursday, August 1st. Robert W. Baird upgraded shares of Oshkosh from a “neutral” rating to an “outperform” rating and increased their price target for the company from $74.00 to $101.00 in a research report on Thursday, October 24th. ValuEngine upgraded shares of Oshkosh from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 5th. Finally, Buckingham Research upgraded shares of Oshkosh from a “neutral” rating to a “buy” rating and increased their price target for the company from $96.00 to $105.00 in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $90.00.

In other Oshkosh news, VP James W. Johnson sold 3,800 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $89.23, for a total transaction of $339,074.00. Following the completion of the transaction, the vice president now owns 48,264 shares in the company, valued at $4,306,596.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Wilson R. Jones sold 19,400 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $86.53, for a total transaction of $1,678,682.00. Following the transaction, the chief executive officer now owns 209,401 shares of the company’s stock, valued at approximately $18,119,468.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,000 shares of company stock valued at $5,644,322. 1.60% of the stock is owned by company insiders.

About Oshkosh

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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