Nordea Investment Management AB reduced its stake in Oshkosh Co. (NYSE:OSK – Get Rating) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,007 shares of the company’s stock after selling 2,427 shares during the period. Nordea Investment Management AB owned 0.09% of Oshkosh worth $5,124,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Oshkosh by 0.7% in the third quarter. Vanguard Group Inc. now owns 6,179,092 shares of the company’s stock valued at $434,329,000 after purchasing an additional 44,117 shares in the last quarter. BlackRock Inc. increased its position in shares of Oshkosh by 1.5% during the third quarter. BlackRock Inc. now owns 5,690,306 shares of the company’s stock worth $399,971,000 after acquiring an additional 85,744 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Oshkosh by 4.1% during the third quarter. Victory Capital Management Inc. now owns 2,877,633 shares of the company’s stock worth $202,269,000 after acquiring an additional 113,433 shares in the last quarter. State Street Corp increased its position in shares of Oshkosh by 3.2% during the first quarter. State Street Corp now owns 1,829,620 shares of the company’s stock worth $184,151,000 after acquiring an additional 56,351 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Oshkosh by 6.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,426,146 shares of the company’s stock worth $100,248,000 after acquiring an additional 92,111 shares in the last quarter. 90.43% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other 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 sale, the senior vice president now directly owns 1,352 shares of the company’s stock, valued at approximately $120,328. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.64% of the company’s stock.
Oshkosh Trading Down 0.9 %
Oshkosh (NYSE:OSK – Get Rating) last posted its earnings results on Thursday, April 27th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.00 by $0.59. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.09 billion. Oshkosh had a return on equity of 9.92% and a net margin of 2.90%. Oshkosh’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company earned $0.24 EPS. As a group, research analysts expect that Oshkosh Co. will post 6.1 EPS for the current year.
Oshkosh Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Monday, May 15th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Friday, May 12th. Oshkosh’s payout ratio is 43.27%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on OSK shares. Citigroup cut their price target on shares of Oshkosh from $102.00 to $85.00 in a report on Tuesday, April 18th. The Goldman Sachs Group lowered shares of Oshkosh from a “buy” rating to a “neutral” rating and set a $94.00 price target on the stock. in a report on Monday, April 3rd. Evercore ISI dropped their target price on shares of Oshkosh from $89.00 to $82.00 in a research report on Tuesday. Credit Suisse Group reduced their price objective on shares of Oshkosh from $113.00 to $96.00 in a research note on Friday, April 28th. Finally, Robert W. Baird boosted their price objective on shares of Oshkosh from $93.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $96.87.
Oshkosh Profile
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.
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