Cubist Systematic Strategies LLC increased its holdings in Oshkosh Corp (NYSE:OSK) by 1,256.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,564 shares of the company’s stock after acquiring an additional 6,080 shares during the period. Cubist Systematic Strategies LLC’s holdings in Oshkosh were worth $542,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Janus Henderson Group PLC purchased a new stake in shares of Oshkosh during the 2nd quarter worth about $7,006,000. American Century Companies Inc. increased its holdings in shares of Oshkosh by 116.7% during the 2nd quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock valued at $47,467,000 after acquiring an additional 371,089 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Oshkosh by 85.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock valued at $159,548,000 after acquiring an additional 1,063,971 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Oshkosh by 270.2% during the 2nd quarter. Citigroup Inc. now owns 52,729 shares of the company’s stock valued at $3,632,000 after acquiring an additional 38,484 shares during the last quarter. Finally, Todd Asset Management LLC increased its holdings in shares of Oshkosh by 5.2% during the 2nd quarter. Todd Asset Management LLC now owns 336,808 shares of the company’s stock valued at $21,952,000 after acquiring an additional 16,611 shares during the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.
Shares of Oshkosh Corp (OSK) opened at $91.17 on Thursday. The stock has a market capitalization of $6,850.00, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84. The company has a quick ratio of 1.09, a current ratio of 1.81 and a debt-to-equity ratio of 0.35. Oshkosh Corp has a fifty-two week low of $61.74 and a fifty-two week high of $94.16.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were given a $0.24 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Oshkosh’s previous quarterly dividend of $0.21. Oshkosh’s dividend payout ratio (DPR) is currently 25.53%.
In other Oshkosh news, VP R Scott Grennier sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $86.18, for a total value of $77,562.00. Following the completion of the sale, the vice president now owns 3,581 shares in the company, valued at approximately $308,610.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James W. Johnson sold 22,300 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $90.59, for a total value of $2,020,157.00. Following the completion of the sale, the vice president now owns 51,673 shares of the company’s stock, valued at approximately $4,681,057.07. The disclosure for this sale can be found here. Insiders sold a total of 115,153 shares of company stock valued at $9,953,433 in the last quarter. Corporate insiders own 1.60% of the company’s stock.
OSK has been the topic of a number of analyst reports. Citigroup increased their price objective on Oshkosh from $85.00 to $100.00 and gave the company a “buy” rating in a report on Friday, October 13th. ValuEngine raised Oshkosh from a “hold” rating to a “buy” rating in a report on Friday, September 1st. KeyCorp reissued a “buy” rating and set a $85.00 price objective on shares of Oshkosh in a report on Sunday, September 17th. SunTrust Banks reissued a “buy” rating and set a $90.00 price objective on shares of Oshkosh in a report on Friday, October 27th. Finally, Robert W. Baird reissued a “buy” rating and set a $93.00 price objective on shares of Oshkosh in a report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Oshkosh currently has a consensus rating of “Buy” and a consensus target price of $92.85.
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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