ClariVest Asset Management LLC Trims Stake in Oshkosh Co. (NYSE:OSK)

ClariVest Asset Management LLC cut its stake in Oshkosh Co. (NYSE:OSK) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,205 shares of the company’s stock after selling 137 shares during the period. ClariVest Asset Management LLC’s holdings in Oshkosh were worth $1,645,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Atlas Capital Advisors LLC raised its position in shares of Oshkosh by 161.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after acquiring an additional 139 shares in the last quarter. Headlands Technologies LLC bought a new position in Oshkosh in the first quarter worth $31,000. Rise Advisors LLC raised its holdings in Oshkosh by 215.5% in the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. Bessemer Group Inc. lifted its position in Oshkosh by 280.6% during the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after buying an additional 289 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Oshkosh by 5,563.6% during the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock valued at $67,000 after buying an additional 612 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $97.57 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 0.93 and a beta of 1.19. The business has a 50-day simple moving average of $104.99 and a two-hundred day simple moving average of $111.67. Oshkosh Co. has a fifty-two week low of $86.10 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the firm earned $2.69 earnings per share. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, analysts expect that Oshkosh Co. will post 11.66 earnings per share for the current year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, August 16th. Oshkosh’s payout ratio is currently 17.61%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Raymond James began coverage on shares of Oshkosh in a research note on Friday, June 28th. They issued an “outperform” rating and a $125.00 price target for the company. JPMorgan Chase & Co. lowered their target price on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Evercore ISI dropped their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Bank of America raised their price objective on Oshkosh from $108.00 to $112.00 and gave the company an “underperform” rating in a research report on Tuesday, May 28th. Finally, Citigroup initiated coverage on Oshkosh in a report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh currently has a consensus rating of “Hold” and an average target price of $125.79.

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.