Gabelli Funds LLC Has $492,000 Stake in Oshkosh Corp (NYSE:OSK)
Gabelli Funds LLC cut its stake in Oshkosh Corp (NYSE:OSK) by 11.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,900 shares of the company’s stock after selling 900 shares during the quarter. Gabelli Funds LLC’s holdings in Oshkosh were worth $492,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC grew its stake in shares of Oshkosh by 292.0% in the second 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. Hallmark Capital Management Inc. acquired a new stake in Oshkosh during the second quarter worth about $15,167,000. First Trust Advisors LP grew its stake in Oshkosh by 112.0% during the third quarter. First Trust Advisors LP now owns 370,276 shares of the company’s stock worth $26,378,000 after buying an additional 195,596 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Oshkosh by 1,291.6% during the second quarter. Advisors Asset Management Inc. now owns 132,953 shares of the company’s stock worth $745,000 after buying an additional 123,399 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Oshkosh by 39.5% during the second quarter. Wells Fargo & Company MN now owns 422,814 shares of the company’s stock worth $29,732,000 after buying an additional 119,809 shares in the last quarter. 88.57% of the stock is currently owned by institutional investors.
Oshkosh stock traded down $1.46 during mid-day trading on Friday, hitting $66.63. 945,127 shares of the stock were exchanged, compared to its average volume of 874,641. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.66 and a beta of 1.78. Oshkosh Corp has a 12 month low of $51.42 and a 12 month high of $100.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.21 and a current ratio of 1.93.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 19th were given a dividend of $0.27 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, November 16th. This represents a $1.08 annualized dividend and a dividend yield of 1.62%. Oshkosh’s dividend payout ratio (DPR) is 16.98%.
OSK has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. ValuEngine downgraded shares of Oshkosh from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. SunTrust Banks raised their price target on shares of Oshkosh to $96.00 and gave the company a “buy” rating in a research note on Friday, November 2nd. Buckingham Research started coverage on shares of Oshkosh in a report on Tuesday, August 28th. They issued a “neutral” rating and a $76.00 price objective for the company. Finally, Bank of America dropped their price objective on shares of Oshkosh from $84.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, August 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $86.17.
In other Oshkosh news, SVP Tina R. Schoner purchased 630 shares of Oshkosh stock in a transaction that occurred on Friday, November 16th. The stock was acquired at an average price of $66.78 per share, with a total value of $42,071.40. Following the transaction, the senior vice president now owns 630 shares in the company, valued at approximately $42,071.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frank R. Nerenhausen sold 10,000 shares of Oshkosh stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $70.00, for a total transaction of $700,000.00. Following the completion of the sale, the executive vice president now directly owns 62,385 shares of the company’s stock, valued at approximately $4,366,950. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
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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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