Atlantic Investment Management Inc. Sells 60,000 Shares of Oshkosh Corporation $OSK

Atlantic Investment Management Inc. decreased its position in Oshkosh Corporation (NYSE:OSK) by 28.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 149,100 shares of the company’s stock after selling 60,000 shares during the period. Oshkosh comprises 11.1% of Atlantic Investment Management Inc.’s investment portfolio, making the stock its 5th biggest position. Atlantic Investment Management Inc. owned approximately 0.24% of Oshkosh worth $19,338,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Oshkosh in the 2nd quarter valued at about $98,570,000. American Century Companies Inc. boosted its position in Oshkosh by 22.8% during the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock worth $324,587,000 after purchasing an additional 529,907 shares in the last quarter. Capital Research Global Investors purchased a new position in Oshkosh during the third quarter worth approximately $63,441,000. UBS Group AG grew its holdings in Oshkosh by 162.3% in the third quarter. UBS Group AG now owns 603,041 shares of the company’s stock valued at $78,214,000 after purchasing an additional 373,172 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after purchasing an additional 345,782 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

OSK has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Sanford C. Bernstein lifted their price target on shares of Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. UBS Group boosted their price target on shares of Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a report on Friday, March 6th. JPMorgan Chase & Co. upped their price objective on shares of Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Oshkosh in a report on Monday, March 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.31.

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the sale, the senior vice president owned 13,577 shares in the company, valued at $2,295,463.39. This trade represents a 22.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.55% of the stock is currently owned by company insiders.

Oshkosh Price Performance

NYSE:OSK opened at $147.24 on Friday. Oshkosh Corporation has a one year low of $76.82 and a one year high of $180.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. The stock has a market cap of $9.21 billion, a PE ratio of 14.69, a P/E/G ratio of 0.76 and a beta of 1.37. The stock has a 50 day moving average price of $159.27 and a 200 day moving average price of $140.54.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.58 EPS. Equities research analysts expect that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid a $0.57 dividend. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Oshkosh’s dividend payout ratio is currently 22.75%.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.