The IBM Retirement Fund Sells 462 Shares of Oshkosh Corporation (OSK)

The IBM Retirement Fund Sells 462 Shares of Oshkosh Corporation (OSK)

IBM Retirement Fund cut its position in shares of Oshkosh Corporation (NYSE:OSK) by 6.3% during the third quarter, Holdings Channel reports. The firm owned 6,889 shares of the company’s stock after selling 462 shares during the period. IBM Retirement Fund’s holdings in Oshkosh Corporation were worth $386,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Oshkosh Corporation by 3.7% in the second quarter. Vanguard Group Inc. now owns 5,313,307 shares of the company’s stock worth $253,498,000 after buying an additional 187,531 shares during the period. Aristotle Capital Management LLC increased its position in shares of Oshkosh Corporation by 0.6% in the second quarter. Aristotle Capital Management LLC now owns 4,178,961 shares of the company’s stock worth $199,378,000 after buying an additional 24,937 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Oshkosh Corporation by 5.2% in the second quarter. BlackRock Fund Advisors now owns 2,544,627 shares of the company’s stock worth $121,404,000 after buying an additional 125,623 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Oshkosh Corporation by 18.3% in the second quarter. Thrivent Financial for Lutherans now owns 2,267,140 shares of the company’s stock worth $108,165,000 after buying an additional 350,960 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Oshkosh Corporation by 1.8% in the second quarter. Alliancebernstein L.P. now owns 2,237,863 shares of the company’s stock worth $106,768,000 after buying an additional 38,909 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Shares of Oshkosh Corporation (NYSE:OSK) traded up 0.72% on Wednesday, reaching $68.65. The company’s stock had a trading volume of 721,791 shares. The firm’s 50-day moving average price is $67.97 and its 200-day moving average price is $58.05. Oshkosh Corporation has a 12 month low of $29.59 and a 12 month high of $71.99. The stock has a market cap of $5.11 billion, a P/E ratio of 23.59 and a beta of 1.78.

Oshkosh Corporation (NYSE:OSK) last announced its earnings results on Tuesday, November 1st. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.21. Oshkosh Corporation had a return on equity of 12.31% and a net margin of 3.45%. The firm earned $1.76 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the firm posted $0.67 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. On average, analysts forecast that Oshkosh Corporation will post $3.35 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on the stock. J P Morgan Chase & Co downgraded shares of Oshkosh Corporation from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $60.00 to $68.00 in a report on Friday, December 9th. Longbow Research downgraded shares of Oshkosh Corporation from a “buy” rating to a “neutral” rating in a report on Tuesday, December 6th. They noted that the move was a valuation call. KeyCorp boosted their target price on shares of Oshkosh Corporation from $59.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, November 29th. Bank of America Corporation downgraded shares of Oshkosh Corporation from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a report on Thursday, November 17th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Oshkosh Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $60.00.

In other news, VP R Scott Grennier sold 1,624 shares of the stock in a transaction on Friday, November 4th. The stock was sold at an average price of $55.84, for a total transaction of $90,684.16. Following the completion of the transaction, the vice president now owns 6,337 shares in the company, valued at approximately $353,858.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig P. Omtvedt sold 2,300 shares of the stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $70.00, for a total value of $161,000.00. Following the transaction, the director now owns 28,392 shares of the company’s stock, valued at approximately $1,987,440. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Oshkosh Corporation Company Profile

Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.

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