AIA Group Ltd Purchases Shares of 2,384 Oshkosh Corporation (NYSE:OSK)

Key Points

• AIA Group Ltd acquired a new stake in Oshkosh Corporation for about $224,000, totaling 2,384 shares during the first quarter.
• Oshkosh recently beat analysts' expectations with an EPS of $3.41 for the last quarter and reported revenue of $2.73 billion, up from estimates of $2.67 billion.
• The company's quarterly dividend of $0.51 per share will be paid on September 2nd, representing an annualized yield of 1.5%.

AIA Group Ltd acquired a new stake in Oshkosh Corporation (NYSE:OSK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,384 shares of the company's stock, valued at approximately $224,000.

A number of other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new stake in Oshkosh during the first quarter valued at $23,542,000. Virtu Financial LLC bought a new position in shares of Oshkosh during the 1st quarter worth about $840,000. Invesco Ltd. boosted its position in shares of Oshkosh by 1.6% during the 1st quarter. Invesco Ltd. now owns 1,263,926 shares of the company's stock worth $118,910,000 after purchasing an additional 20,365 shares in the last quarter. True North Advisors LLC bought a new position in shares of Oshkosh during the 1st quarter worth about $807,000. Finally, Covestor Ltd boosted its position in shares of Oshkosh by 4.6% during the 1st quarter. Covestor Ltd now owns 7,178 shares of the company's stock worth $676,000 after purchasing an additional 313 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. DA Davidson set a $160.00 target price on shares of Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Citigroup reissued a "buy" rating and set a $130.00 target price (up from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. Morgan Stanley decreased their target price on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Oshkosh currently has an average rating of "Moderate Buy" and a consensus target price of $133.08.

Oshkosh Stock Performance

OSK stock traded down $1.42 during mid-day trading on Thursday, hitting $140.27. The company had a trading volume of 430,588 shares, compared to its average volume of 701,168. The firm has a market cap of $8.98 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.76 and a beta of 1.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $141.98. The stock's fifty day moving average price is $122.59 and its two-hundred day moving average price is $105.74.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $3.41 EPS for the quarter, topping the consensus estimate of $2.98 by $0.43. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The company's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.34 earnings per share. On average, analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, August 19th. Oshkosh's dividend payout ratio (DPR) is 20.48%.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.