Crossmark Global Holdings Inc. trimmed its holdings in Oshkosh Corp (NYSE:OSK) by 7.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,060 shares of the company’s stock after selling 432 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Oshkosh were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Amarillo National Bank acquired a new stake in Oshkosh in the 3rd quarter valued at about $203,000. Assenagon Asset Management S.A. lifted its holdings in Oshkosh by 9.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 11,860 shares of the company’s stock valued at $872,000 after acquiring an additional 987 shares during the last quarter. Anderson Hoagland & Co. acquired a new stake in Oshkosh in the 3rd quarter valued at about $1,879,000. Schonfeld Strategic Advisors LLC acquired a new stake in Oshkosh in the 2nd quarter valued at about $1,054,000. Finally, FinTrust Capital Advisors LLC lifted its holdings in Oshkosh by 100.5% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 750 shares of the company’s stock valued at $54,000 after acquiring an additional 376 shares during the last quarter. 92.31% of the stock is owned by institutional investors.
A number of analysts have commented on the stock. Sanford C. Bernstein assumed coverage on shares of Oshkosh in a research note on Tuesday, September 22nd. They set a “market perform” rating and a $83.00 price objective for the company. ValuEngine raised shares of Oshkosh from a “sell” rating to a “hold” rating in a research note on Wednesday, September 9th. JPMorgan Chase & Co. lowered shares of Oshkosh from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $84.00 to $90.00 in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Oshkosh from $96.00 to $89.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Raymond James assumed coverage on shares of Oshkosh in a research note on Monday, July 27th. They set an “outperform” rating and a $85.00 price objective for the company. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $82.73.
NYSE:OSK opened at $80.05 on Friday. The stock’s 50 day moving average price is $76.49 and its 200 day moving average price is $72.83. Oshkosh Corp has a 52 week low of $46.72 and a 52 week high of $95.62. The company has a market capitalization of $5.45 billion, a P/E ratio of 14.74, a P/E/G ratio of 1.88 and a beta of 1.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.07 and a current ratio of 2.12.
Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.80. Oshkosh had a return on equity of 14.93% and a net margin of 5.15%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company posted $2.72 earnings per share. The firm’s revenue was down 33.9% on a year-over-year basis. As a group, sell-side analysts forecast that Oshkosh Corp will post 4.63 earnings per share for the current fiscal year.
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 services; and chassis and service parts sales.
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