Cerity Partners LLC Grows Holdings in Oshkosh Corporation (NYSE:OSK)

Cerity Partners LLC raised its position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 57.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 65,765 shares of the company's stock after buying an additional 23,983 shares during the quarter. Cerity Partners LLC owned about 0.10% of Oshkosh worth $6,187,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Alps Advisors Inc. purchased a new stake in Oshkosh during the first quarter valued at approximately $349,000. Capital Insight Partners LLC increased its position in shares of Oshkosh by 3.9% during the first quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock worth $433,000 after purchasing an additional 171 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Oshkosh by 78.4% during the first quarter. Crossmark Global Holdings Inc. now owns 6,864 shares of the company's stock worth $646,000 after purchasing an additional 3,017 shares in the last quarter. Callan Capital LLC lifted its holdings in shares of Oshkosh by 8.1% during the 1st quarter. Callan Capital LLC now owns 3,383 shares of the company's stock valued at $318,000 after purchasing an additional 254 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in shares of Oshkosh by 6.4% in the 1st quarter. Penserra Capital Management LLC now owns 4,172 shares of the company's stock worth $392,000 after purchasing an additional 251 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Stock Performance

NYSE OSK traded down $0.95 on Friday, reaching $123.42. 536,396 shares of the company's stock traded hands, compared to its average volume of 681,417. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $129.02. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 1.80 and a beta of 1.43. The stock has a 50 day moving average price of $109.99 and a 200-day moving average price of $100.59.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.10). The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.42 billion. Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm earned $2.89 EPS. Equities research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 annualized dividend and a yield of 1.65%. Oshkosh's dividend payout ratio is presently 21.79%.

Analyst Ratings Changes

Several brokerages recently issued reports on OSK. UBS Group upped their target price on Oshkosh from $119.00 to $149.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Morgan Stanley cut their price objective on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Citigroup reaffirmed a "buy" rating and issued a $130.00 price objective (up from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. DA Davidson dropped their target price on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Bank of America upped their price target on shares of Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.85.

Oshkosh Profile

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.