Greenhaven Associates Inc. Sells 5,310 Shares of Oshkosh Corporation $OSK

by · The Cerbat Gem

Greenhaven Associates Inc. lowered its stake in Oshkosh Corporation (NYSE:OSKFree Report) by 0.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,521,296 shares of the company’s stock after selling 5,310 shares during the quarter. Oshkosh comprises about 5.1% of Greenhaven Associates Inc.’s holdings, making the stock its 6th largest position. Greenhaven Associates Inc.’s holdings in Oshkosh were worth $316,750,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Covea Finance boosted its holdings in Oshkosh by 6.2% in the 4th quarter. Covea Finance now owns 82,400 shares of the company’s stock worth $10,352,000 after acquiring an additional 4,800 shares during the period. GAMMA Investing LLC raised its stake in shares of Oshkosh by 20.3% during the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the company’s stock valued at $128,000 after purchasing an additional 172 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Oshkosh by 4.4% during the third quarter. JPMorgan Chase & Co. now owns 175,693 shares of the company’s stock worth $22,789,000 after purchasing an additional 7,339 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in shares of Oshkosh during the third quarter worth $245,000. Finally, Swiss Life Asset Management Ltd purchased a new position in shares of Oshkosh in the third quarter valued at $393,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OSK has been the subject of a number of recent analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $175.00 price target on shares of Oshkosh in a report on Monday, March 2nd. Barclays started coverage on shares of Oshkosh in a research report on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price objective for the company. Wall Street Zen upgraded Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Morgan Stanley dropped their target price on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. Finally, UBS Group boosted their price target on Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $165.31.

View Our Latest Stock Report on OSK

Insider Activity

In other news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the transaction, the senior vice president directly owned 13,577 shares in the company, valued at approximately $2,295,463.39. This trade represents a 22.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $140.32 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. The firm’s 50-day simple moving average is $159.39 and its 200-day simple moving average is $140.70. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $180.49. The firm has a market cap of $8.78 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.74 and a beta of 1.37.

Oshkosh (NYSE:OSKGet Free Report) last issued its earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the business posted $2.58 EPS. Oshkosh’s revenue was up 3.5% compared to the same quarter last year. Equities analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.6%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, February 17th. Oshkosh’s dividend payout ratio is currently 22.75%.

Oshkosh Company Profile

(Free Report)

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.

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