Pax World Management Lowers stake in Oshkosh Corp (OSK)

Oshkosh Corp (OSK) : Pax World Management reduced its stake in Oshkosh Corp by 4.61% during the most recent quarter end. The investment management company now holds a total of 331,857 shares of Oshkosh Corp which is valued at $17,704,571 after selling 16,056 shares in Oshkosh Corp , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Oshkosh Corp makes up approximately 0.99% of Pax World Management’s portfolio.

Other Hedge Funds, Including , Opus Capital Group added OSK to its portfolio by purchasing 76,708 company shares during the most recent quarter which is valued at $4,129,959. Oshkosh Corp makes up approx 0.88% of Opus Capital Group’s portfolio.State Treasurer State Of Michigan boosted its stake in OSK in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 29,400 shares of Oshkosh Corp which is valued at $1,582,896. Oshkosh Corp makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.Lasalle Street Capital Management boosted its stake in OSK in the latest quarter, The investment management firm added 146 additional shares and now holds a total of 13,301 shares of Oshkosh Corp which is valued at $633,793. Oshkosh Corp makes up approx 0.59% of Lasalle Street Capital Management’s portfolio. Foundry Partners sold out all of its stake in OSK during the most recent quarter. The investment firm sold 97,815 shares of OSK which is valued $4,745,006.

Oshkosh Corp opened for trading at $53.11 and hit $54.25 on the upside on Monday, eventually ending the session at $53.97, with a gain of 1.91% or 1.01 points. The heightened volatility saw the trading volume jump to 5,18,310 shares. Company has a market cap of $3,966 M.

On the company’s financial health, Oshkosh Corp reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.99. The company had revenue of $1747.50 million for the quarter, compared to analysts expectations of $1608.78 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS.

Many Wall Street Analysts have commented on Oshkosh Corp. Company shares were Upgraded by RBC Capital Mkts on Jul 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 63 from a previous price target of $46 .Company shares were Reiterated by Stifel on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 63 from a previous price target of $53 .Company shares were Reiterated by Barrington Research on Jul 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $54 .

Oshkosh Corporation is a designer manufacturer and marketer of a range of specialty vehicles and vehicle bodies including access equipment defense trucks and trailers fire and emergency vehicles concrete mixers and refuse collection vehicles. The Company’s segments are Access Equipment Defense Fire & Emergency and Commercial. The Access equipment segment offers aerial work platforms and telehandlers used in construction agricultural industrial institutional and general maintenance applications. The Defense segment offers tactical trucks trailers and supply parts and services sold to the United States military. The Fire & emergency segment offers custom and commercial firefighting vehicles and equipment aircraft rescue and firefighting (ARFF) vehicles snow removal vehicles simulators and other emergency vehicles. The Commercial segment offers concrete mixers refuse collection vehicles portable and stationary concrete batch plants and vehicle components.

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