Catalyst Capital Advisors LLC Buys Shares of 5,000 Oshkosh Corp (NYSE:OSK)

Catalyst Capital Advisors LLC bought a new stake in shares of Oshkosh Corp (NYSE:OSK) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 5,000 shares of the company’s stock, valued at approximately $473,000.

Other large investors have also bought and sold shares of the company. Executive Wealth Management LLC increased its holdings in Oshkosh by 70.6% during the 3rd quarter. Executive Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after acquiring an additional 142 shares in the last quarter. Gradient Investments LLC purchased a new position in Oshkosh during the 4th quarter valued at about $37,000. Benjamin F. Edwards & Company Inc. purchased a new position in Oshkosh during the 3rd quarter valued at about $39,000. First Mercantile Trust Co. increased its holdings in Oshkosh by 30.5% during the 4th quarter. First Mercantile Trust Co. now owns 547 shares of the company’s stock valued at $52,000 after acquiring an additional 128 shares in the last quarter. Finally, NEXT Financial Group Inc increased its holdings in Oshkosh by 40.9% during the 3rd quarter. NEXT Financial Group Inc now owns 916 shares of the company’s stock valued at $69,000 after acquiring an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 90.10% of the company’s stock.

Oshkosh stock opened at $85.18 on Friday. Oshkosh Corp has a 12-month low of $66.04 and a 12-month high of $95.62. The stock has a market capitalization of $5.92 billion, a P/E ratio of 10.91, a P/E/G ratio of 1.05 and a beta of 1.99. The firm’s 50-day moving average is $90.83 and its two-hundred day moving average is $83.13. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.14 and a quick ratio of 1.19.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, January 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). Oshkosh had a return on equity of 21.05% and a net margin of 6.60%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the business earned $1.61 earnings per share. Oshkosh’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, analysts forecast that Oshkosh Corp will post 7.75 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.41%. Oshkosh’s dividend payout ratio is currently 14.44%.

In related news, Director Craig P. Omtvedt sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $91.45, for a total value of $914,500.00. Following the sale, the director now directly owns 22,014 shares of the company’s stock, valued at $2,013,180.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Wilson R. Jones sold 131,650 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $92.45, for a total transaction of $12,171,042.50. Following the completion of the sale, the chief executive officer now directly owns 234,185 shares in the company, valued at $21,650,403.25. The disclosure for this sale can be found here. Insiders sold 197,024 shares of company stock worth $18,065,604 over the last three months. Corporate insiders own 1.80% of the company’s stock.

OSK has been the subject of several recent research reports. Goldman Sachs Group upgraded shares of Oshkosh from a “sell” rating to a “neutral” rating and raised their target price for the company from $66.00 to $90.00 in a report on Friday, November 8th. Buckingham Research upgraded shares of Oshkosh from a “neutral” rating to a “buy” rating and raised their target price for the company from $96.00 to $105.00 in a report on Monday, November 11th. Royal Bank of Canada raised their price target on shares of Oshkosh to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. raised their price target on shares of Oshkosh from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Finally, Morgan Stanley raised their price target on shares of Oshkosh from $100.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $94.08.

About Oshkosh

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

Further Reading: Gross Domestic Product (GDP)

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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