Personal Wealth Partners Buys Shares of 300 Oshkosh Corp (NYSE:OSK)

Personal Wealth Partners bought a new stake in Oshkosh Corp (NYSE:OSK) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 300 shares of the company’s stock, valued at approximately $25,000.

A number of other large investors also recently modified their holdings of the business. FinTrust Capital Advisors LLC grew its holdings in shares of Oshkosh by 1,128.6% during the 1st quarter. FinTrust Capital Advisors LLC now owns 344 shares of the company’s stock worth $26,000 after purchasing an additional 316 shares during the period. Gemmer Asset Management LLC grew its holdings in shares of Oshkosh by 99.6% during the 1st quarter. Gemmer Asset Management LLC now owns 563 shares of the company’s stock worth $42,000 after purchasing an additional 281 shares during the period. Machina Capital S.A.S. grew its holdings in shares of Oshkosh by 255.9% during the 2nd quarter. Machina Capital S.A.S. now owns 573 shares of the company’s stock worth $48,000 after purchasing an additional 412 shares during the period. NEXT Financial Group Inc purchased a new position in shares of Oshkosh during the 2nd quarter worth $54,000. Finally, Capital Investment Advisory Services LLC grew its holdings in shares of Oshkosh by 35.3% during the 1st quarter. Capital Investment Advisory Services LLC now owns 763 shares of the company’s stock worth $57,000 after purchasing an additional 199 shares during the period. Institutional investors own 88.21% of the company’s stock.

OSK traded down $1.51 during mid-day trading on Friday, hitting $74.11. 475,490 shares of the stock were exchanged, compared to its average volume of 710,029. The firm’s fifty day moving average price is $82.07. Oshkosh Corp has a 1-year low of $51.42 and a 1-year high of $86.45. The company has a current ratio of 1.99, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. The company has a market cap of $5.17 billion, a P/E ratio of 11.65, a PEG ratio of 0.81 and a beta of 1.95.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, August 1st. The company reported $2.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.35. Oshkosh had a return on equity of 22.70% and a net margin of 7.04%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the company earned $2.20 EPS. Oshkosh’s revenue was up 10.0% on a year-over-year basis. Sell-side analysts anticipate that Oshkosh Corp will post 8.05 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, August 16th. Oshkosh’s payout ratio is 16.98%.

OSK has been the subject of a number of research analyst reports. Citigroup lowered their price target on Oshkosh from $95.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. ValuEngine cut Oshkosh from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Evercore ISI upgraded Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 price target for the company in a report on Thursday, August 1st. Zacks Investment Research upgraded Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Thursday, July 11th. Finally, UBS Group initiated coverage on Oshkosh in a report on Tuesday, April 23rd. They set a “neutral” rating and a $85.00 price target for the company. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Oshkosh has an average rating of “Hold” and an average target price of $82.55.

In related news, VP James W. Johnson sold 11,029 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $76.05, for a total transaction of $838,755.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate 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 services; and chassis and service parts sales.

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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