Driehaus Capital Management LLC Sells 86,179 Shares of Oshkosh Co. (NYSE:OSK)

Driehaus Capital Management LLC lessened its holdings in Oshkosh Co. (NYSE:OSK) by 27.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 222,577 shares of the company’s stock after selling 86,179 shares during the period. Driehaus Capital Management LLC owned approximately 0.34% of Oshkosh worth $24,083,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Valley National Advisers Inc. increased its position in Oshkosh by 18.2% in the first quarter. Valley National Advisers Inc. now owns 623 shares of the company’s stock worth $77,000 after purchasing an additional 96 shares during the last quarter. AE Wealth Management LLC increased its position in Oshkosh by 7.3% during the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after acquiring an additional 127 shares during the last quarter. US Bancorp DE increased its position in Oshkosh by 3.0% during the first quarter. US Bancorp DE now owns 4,522 shares of the company’s stock valued at $564,000 after acquiring an additional 132 shares during the last quarter. Atlas Capital Advisors LLC increased its position in Oshkosh by 161.6% during the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after acquiring an additional 139 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Oshkosh by 26.2% during the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after acquiring an additional 152 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of OSK opened at $100.19 on Friday. 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 company has a 50 day moving average price of $103.60 and a 200-day moving average price of $110.79. Oshkosh Co. has a fifty-two week low of $86.10 and a fifty-two week high of $127.98. The stock has a market capitalization of $6.52 billion, a PE ratio of 9.59, a PEG ratio of 0.98 and a beta of 1.19.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the prior year, the business earned $2.69 earnings per share. Oshkosh’s revenue was up 18.0% on a year-over-year basis. Equities analysts predict that Oshkosh Co. will post 11.62 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Friday, August 16th. Oshkosh’s payout ratio is 17.61%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Raymond James assumed coverage on shares of Oshkosh in a research report on Friday, June 28th. They set an “outperform” rating and a $125.00 price objective on the stock. Evercore ISI cut their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Citigroup assumed coverage on shares of Oshkosh in a research report on Wednesday, June 26th. They set a “buy” rating and a $130.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group cut their price objective on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $125.79.

About Oshkosh

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.