California Public Employees Retirement System Sells 16,157 Shares of Oshkosh Corp (OSK)

California Public Employees Retirement System decreased its stake in Oshkosh Corp (NYSE:OSK) by 10.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,540 shares of the company’s stock after selling 16,157 shares during the period. California Public Employees Retirement System’s holdings in Oshkosh were worth $10,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC raised its stake in Oshkosh by 292.0% during the 2nd quarter. FMR LLC now owns 893,679 shares of the company’s stock valued at $62,843,000 after acquiring an additional 665,690 shares in the last quarter. Aristotle Capital Management LLC raised its stake in Oshkosh by 8.9% during the 1st quarter. Aristotle Capital Management LLC now owns 5,035,322 shares of the company’s stock valued at $389,079,000 after acquiring an additional 410,630 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Oshkosh during the 2nd quarter valued at $23,987,000. Hallmark Capital Management Inc. bought a new stake in Oshkosh during the 2nd quarter valued at $15,167,000. Finally, Millennium Management LLC raised its stake in Oshkosh by 24.5% during the 1st quarter. Millennium Management LLC now owns 1,065,126 shares of the company’s stock valued at $82,302,000 after acquiring an additional 209,324 shares in the last quarter. 89.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of OSK stock opened at $69.92 on Monday. Oshkosh Corp has a 1 year low of $66.77 and a 1 year high of $100.26. The firm has a market cap of $5.21 billion, a PE ratio of 16.45, a PEG ratio of 0.65 and a beta of 1.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.88.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.18. Oshkosh had a return on equity of 19.19% and a net margin of 5.44%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the firm earned $1.84 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, research analysts expect that Oshkosh Corp will post 6.03 earnings per share for the current year.

Several brokerages have weighed in on OSK. ValuEngine downgraded Oshkosh from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. Royal Bank of Canada reaffirmed a “buy” rating and set a $98.00 target price on shares of Oshkosh in a research note on Wednesday, August 1st. Credit Suisse Group lowered their price target on Oshkosh from $96.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 1st. Stifel Nicolaus lowered their price target on Oshkosh from $106.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, August 1st. Finally, KeyCorp lowered their price target on Oshkosh from $104.00 to $88.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $89.87.

In related news, insider Wilson R. Jones sold 47,000 shares of Oshkosh stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $72.02, for a total value of $3,384,940.00. Following the transaction, the insider now directly owns 180,862 shares in the company, valued at approximately $13,025,681.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Sagehorn sold 45,000 shares of Oshkosh stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $75.40, for a total value of $3,393,000.00. Following the completion of the transaction, the vice president now owns 179,097 shares in the company, valued at $13,503,913.80. The disclosure for this sale can be found here. 1.60% of the stock is currently 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; and chassis and service parts sales.

Further Reading: Fundamental Analysis and Individual Investors

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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