Clark Estates Inc. NY Sells 7,405 Shares of Oshkosh Corporation (NYSE:OSK)

Clark Estates Inc. NY cut its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 27.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,395 shares of the company's stock after selling 7,405 shares during the period. Clark Estates Inc. NY's holdings in Oshkosh were worth $1,825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OSK. Norges Bank purchased a new position in shares of Oshkosh in the fourth quarter valued at about $72,692,000. Point72 Asset Management L.P. purchased a new position in shares of Oshkosh in the fourth quarter valued at about $25,968,000. Atlantic Investment Management Inc. purchased a new position in shares of Oshkosh in the fourth quarter valued at about $21,866,000. Balyasny Asset Management L.P. lifted its position in shares of Oshkosh by 84.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 462,034 shares of the company's stock valued at $43,926,000 after acquiring an additional 211,244 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Oshkosh by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock valued at $220,342,000 after acquiring an additional 206,377 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on OSK shares. Citigroup restated 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. Robert W. Baird boosted their target price on Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. UBS Group boosted their target price on Oshkosh from $119.00 to $149.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their target price on Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. Finally, Bank of America boosted their target price on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Oshkosh has a consensus rating of "Moderate Buy" and an average price target of $129.69.

Oshkosh Trading Up 3.2%

OSK stock traded up $4.02 during midday trading on Friday, reaching $130.55. 1,492,233 shares of the company traded hands, compared to its average volume of 791,486. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $133.86. 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 business has a 50 day moving average of $115.39 and a 200-day moving average of $102.90. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 2.02 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating analysts' consensus estimates of $2.98 by $0.43. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.67 billion. Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The company's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.34 earnings per share. As a group, sell-side analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

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.