WBI Investments Inc. Invests $3.97 Million in Oshkosh Corp (NYSE:OSK)
WBI Investments Inc. acquired a new position in shares of Oshkosh Corp (NYSE:OSK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 47,544 shares of the company’s stock, valued at approximately $3,969,000. WBI Investments Inc. owned approximately 0.07% of Oshkosh at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in shares of Oshkosh during the fourth quarter worth approximately $697,000. Corient Capital Partners LLC grew its stake in shares of Oshkosh by 7.4% during the first quarter. Corient Capital Partners LLC now owns 16,486 shares of the company’s stock valued at $1,238,000 after purchasing an additional 1,132 shares during the last quarter. Donaldson Capital Management LLC bought a new stake in shares of Oshkosh during the first quarter valued at approximately $2,715,000. Macquarie Group Ltd. grew its stake in shares of Oshkosh by 3.8% during the fourth quarter. Macquarie Group Ltd. now owns 87,490 shares of the company’s stock valued at $5,364,000 after purchasing an additional 3,177 shares during the last quarter. Finally, Trustcore Financial Services LLC bought a new stake in shares of Oshkosh during the first quarter valued at approximately $60,000. 88.71% of the stock is owned by institutional investors.
Several research firms have recently commented on OSK. UBS Group set a $36.00 price target on shares of Halliburton and gave the company a “buy” rating in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. decreased their price target on shares of Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. Evercore ISI reissued an “in-line” rating and set a $31.00 price target (down from $40.00) on shares of Terex in a research note on Friday, May 31st. Finally, Citigroup increased their price target on shares of Martin Marietta Materials from $239.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $84.86.
OSK stock traded up $0.29 during midday trading on Friday, reaching $84.68. The company’s stock had a trading volume of 476,385 shares, compared to its average volume of 508,540. Oshkosh Corp has a 52 week low of $51.42 and a 52 week high of $86.45. The stock has a market capitalization of $5.92 billion, a PE ratio of 13.31, a PEG ratio of 0.94 and a beta of 1.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.86. The stock’s 50-day moving average price is $82.18.
Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.20. Oshkosh had a net margin of 6.76% and a return on equity of 21.98%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the firm earned $1.54 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts predict that Oshkosh Corp will post 7.78 earnings per share for the current year.
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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