Oshkosh Corporation (OSK) Shares Bought by Sunnymeath Asset Management Inc.

Sunnymeath Asset Management Inc. boosted its position in shares of Oshkosh Corporation (NYSE:OSK) by 12.6% during the third quarter, Holdings Channel reports. The fund owned 23,650 shares of the company’s stock after buying an additional 2,650 shares during the period. Oshkosh Corporation accounts for 2.2% of Sunnymeath Asset Management Inc.’s holdings, making the stock its 10th largest position. Sunnymeath Asset Management Inc.’s holdings in Oshkosh Corporation were worth $1,025,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Lombard Odier Asset Management USA Corp purchased a new position in shares of Oshkosh Corporation during the third quarter worth $1,344,000. Cetera Advisor Networks LLC raised its position in shares of Oshkosh Corporation by 3.6% in the third quarter. Cetera Advisor Networks LLC now owns 7,170 shares of the company’s stock worth $402,000 after buying an additional 250 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Oshkosh Corporation during the third quarter worth $1,348,000. Scopus Asset Management L.P. purchased a new position in shares of Oshkosh Corporation during the third quarter worth $14,560,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Oshkosh Corporation during the third quarter worth $998,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Institutional Ownership by Quarter for Oshkosh Corporation (NYSE:OSK)

Shares of Oshkosh Corporation (NYSE:OSK) opened at 67.69 on Monday. The firm has a 50-day moving average of $68.27 and a 200 day moving average of $60.61. The company has a market cap of $5.05 billion, a P/E ratio of 22.74 and a beta of 1.75. Oshkosh Corporation has a 52 week low of $30.56 and a 52 week high of $74.16.

Oshkosh Corporation (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 26th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.14. Oshkosh Corporation had a net margin of 3.54% and a return on equity of 12.27%. The firm earned $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business earned $0.19 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts expect that Oshkosh Corporation will post $3.38 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 27th. Shareholders of record on Monday, February 13th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 9th. Oshkosh Corporation’s payout ratio is currently 28.28%.

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A number of research analysts have recently weighed in on the company. Seaport Global Securities upgraded Oshkosh Corporation from an “accumulate” rating to a “buy” rating in a research report on Wednesday, February 1st. Zacks Investment Research lowered Oshkosh Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. Jefferies Group LLC raised their price objective on Oshkosh Corporation from $78.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 27th. RBC Capital Markets restated an “outperform” rating and set a $79.00 price objective (up previously from $74.00) on shares of Oshkosh Corporation in a research report on Friday, January 27th. Finally, Royal Bank Of Canada raised their price objective on Oshkosh Corporation from $74.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $65.29.

In other Oshkosh Corporation news, insider Wilson R. Jones sold 25,000 shares of Oshkosh Corporation stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $71.00, for a total transaction of $1,775,000.00. Following the completion of the transaction, the insider now owns 117,623 shares in the company, valued at $8,351,233. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP R Scott Grennier sold 3,000 shares of Oshkosh Corporation stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $65.79, for a total transaction of $197,370.00. Following the transaction, the vice president now owns 2,912 shares of the company’s stock, valued at approximately $191,580.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,341 shares of company stock valued at $3,429,712. 2.00% of the stock is currently owned by company insiders.

Oshkosh Corporation Company Profile

Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.

5 Day Chart for NYSE:OSK

Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Corporation (NYSE:OSK).

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