Federated Hermes Inc. decreased its holdings in Oshkosh Co. (NYSE:OSK – Get Rating) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,643 shares of the company’s stock after selling 949 shares during the quarter. Federated Hermes Inc.’s holdings in Oshkosh were worth $1,029,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in OSK. Greenhaven Associates Inc. bought a new stake in shares of Oshkosh in the 3rd quarter worth about $122,303,000. FMR LLC grew its holdings in Oshkosh by 8.2% during the 2nd quarter. FMR LLC now owns 5,802,857 shares of the company’s stock worth $476,646,000 after acquiring an additional 440,170 shares during the last quarter. First Trust Advisors LP grew its holdings in Oshkosh by 208.0% during the 3rd quarter. First Trust Advisors LP now owns 293,414 shares of the company’s stock worth $20,624,000 after acquiring an additional 198,147 shares during the last quarter. Royal Bank of Canada grew its holdings in Oshkosh by 201.0% during the 1st quarter. Royal Bank of Canada now owns 288,760 shares of the company’s stock worth $29,064,000 after acquiring an additional 192,836 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in Oshkosh by 5,558.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 164,100 shares of the company’s stock worth $13,479,000 after acquiring an additional 161,200 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.
Insiders Place Their Bets
In other Oshkosh news, SVP Jason P. Baab sold 1,000 shares of Oshkosh stock in a transaction on Friday, February 24th. The shares were sold at an average price of $89.00, for a total transaction of $89,000.00. Following the completion of the transaction, the senior vice president now directly owns 1,352 shares of the company’s stock, valued at $120,328. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.64% of the company’s stock.
Oshkosh Price Performance
Oshkosh (NYSE:OSK – Get Rating) last released its earnings results on Tuesday, January 31st. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.13). Oshkosh had a net margin of 1.92% and a return on equity of 7.18%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business posted $0.09 earnings per share. Oshkosh’s quarterly revenue was up 23.0% compared to the same quarter last year. As a group, equities research analysts forecast that Oshkosh Co. will post 5.53 EPS for the current fiscal year.
Oshkosh Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 2nd. Shareholders of record on Thursday, February 16th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.04%. This is a boost from Oshkosh’s previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, February 15th. Oshkosh’s payout ratio is 67.77%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on OSK. StockNews.com raised shares of Oshkosh from a “hold” rating to a “buy” rating in a report on Wednesday, February 1st. Wells Fargo & Company upped their target price on shares of Oshkosh from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 1st. DA Davidson upped their target price on shares of Oshkosh from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, February 1st. The Goldman Sachs Group upped their target price on shares of Oshkosh from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, December 15th. Finally, Credit Suisse Group upped their target price on shares of Oshkosh from $105.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.71.
Oshkosh Corp. engages in the design, manufacture, and marketing of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment consists of JerrDan and JLG, which manufactures aerial work platforms and telehandlers that are used in construction, industrial, institutional, and general maintenance applications to position workers and materials at elevated heights.
- Get a free copy of the StockNews.com research report on Oshkosh (OSK)
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