Oshkosh Corporation $OSK Shares Sold by Aristotle Capital Management LLC

Key Points

• Aristotle Capital Management reduced its Oshkosh stake by 5.8% in Q3, selling 345,246 shares and now holds 5,619,748 shares—about 8.88% of the company valued at $728.9 million.
• Oshkosh reported quarterly EPS of $2.26 (missing the $2.33 estimate) while revenue rose to $2.69 billion (beating $2.60 billion); analysts maintain a "Moderate Buy" consensus with an average price target of $165.31 and several firms raising targets (Wells Fargo to $204).
• The company raised its quarterly dividend to $0.57 (from $0.51) for an annualized $2.28 (yield ~1.5%), and an SVP sold 4,000 shares—insiders own about 0.55% of stock while institutions hold roughly 92.36%.

Aristotle Capital Management LLC cut its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 5.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,619,748 shares of the company's stock after selling 345,246 shares during the quarter. Aristotle Capital Management LLC owned about 8.88% of Oshkosh worth $728,894,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in OSK. Keybank National Association OH acquired a new position in shares of Oshkosh in the third quarter valued at about $422,000. Mutual Advisors LLC acquired a new stake in shares of Oshkosh during the third quarter worth about $849,000. Peterson Wealth Services lifted its holdings in shares of Oshkosh by 3,459.5% during the third quarter. Peterson Wealth Services now owns 56,952 shares of the company's stock worth $7,387,000 after purchasing an additional 55,352 shares during the period. Convergence Investment Partners LLC purchased a new stake in Oshkosh in the third quarter valued at approximately $1,162,000. Finally, Asset Management One Co. Ltd. acquired a new position in Oshkosh in the 3rd quarter worth approximately $1,399,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the company's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the completion of the transaction, the senior vice president owned 13,577 shares in the company, valued at approximately $2,295,463.39. This represents a 22.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.55% of the company's stock.

Oshkosh Trading Down 1.7%

Oshkosh stock opened at $147.24 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $180.49. The stock's 50 day simple moving average is $159.27 and its two-hundred day simple moving average is $140.54. The firm 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.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The firm had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same period last year, the firm earned $2.58 earnings per share. Oshkosh's revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on OSK shares. Citigroup raised their price target on shares of Oshkosh from $170.00 to $180.00 and gave the stock a "buy" rating in a research report on Monday, March 9th. Barclays started coverage on shares of Oshkosh in a research note on Tuesday, November 25th. They issued an "overweight" rating and a $150.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of Oshkosh from $168.00 to $204.00 and gave the stock an "overweight" rating in a report on Wednesday, February 25th. Sanford C. Bernstein boosted their target price on shares of Oshkosh from $132.00 to $140.00 and gave the company a "market perform" rating in a research report on Friday, December 19th. Finally, DA Davidson upped their price target on shares of Oshkosh from $160.00 to $168.00 and gave the company a "buy" rating in a report on Monday, February 2nd. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $165.31.

Oshkosh Company 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.

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