Verition Fund Management LLC lessened its position in Oshkosh Corp (NYSE:OSK) by 30.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,076 shares of the company’s stock after selling 8,751 shares during the period. Verition Fund Management LLC’s holdings in Oshkosh were worth $1,412,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Optimum Investment Advisors acquired a new stake in shares of Oshkosh during the first quarter worth $106,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Oshkosh during the second quarter worth $200,000. Sawtooth Solutions LLC acquired a new stake in shares of Oshkosh during the second quarter worth $202,000. Trexquant Investment LP acquired a new stake in shares of Oshkosh during the second quarter worth $218,000. Finally, Koch Industries Inc. acquired a new stake in shares of Oshkosh during the first quarter worth $231,000. 89.34% of the stock is currently owned by institutional investors.

Shares of OSK stock traded down $1.83 on Friday, reaching $61.53. 1,207,290 shares of the company’s stock traded hands, compared to its average volume of 740,207. Oshkosh Corp has a 12-month low of $60.87 and a 12-month high of $100.26. The company has a current ratio of 1.88, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 0.65 and a beta of 1.48.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.18. Oshkosh had a return on equity of 19.19% and a net margin of 5.44%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company posted $1.84 earnings per share. Oshkosh’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, sell-side analysts predict that Oshkosh Corp will post 6.03 EPS for the current year.

In other Oshkosh news, VP David M. Sagehorn sold 45,000 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 179,097 shares in the company, valued at $13,503,913.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wilson R. Jones sold 47,000 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $72.02, for a total value of $3,384,940.00. Following the completion of the transaction, the insider now owns 180,862 shares in the company, valued at approximately $13,025,681.24. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

OSK has been the topic of a number of recent analyst reports. ValuEngine lowered Oshkosh from a “hold” rating to a “sell” rating in a research report on Wednesday, June 20th. Zacks Investment Research lowered Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, June 30th. Longbow Research initiated coverage on Oshkosh in a research report on Friday, July 13th. They set a “buy” rating and a $88.00 target price on the stock. KeyCorp cut their target price on Oshkosh from $104.00 to $88.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 1st. Finally, Stifel Nicolaus cut their target price on Oshkosh from $106.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $89.87.

Oshkosh Company Profile

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.

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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