OFI Invest Asset Management Acquires Shares of 15,300 Oshkosh Co. (NYSE:OSK)

OFI Invest Asset Management bought a new stake in shares of Oshkosh Co. (NYSE:OSK) in the second quarter, Holdings Channel reports. The fund bought 15,300 shares of the company’s stock, valued at approximately $1,545,000.

Several other large investors have also recently made changes to their positions in OSK. Valley National Advisers Inc. raised its holdings in Oshkosh by 18.2% in the 1st quarter. Valley National Advisers Inc. now owns 623 shares of the company’s stock worth $77,000 after acquiring an additional 96 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Oshkosh by 41.2% in the first quarter. Venturi Wealth Management LLC now owns 449 shares of the company’s stock worth $56,000 after purchasing an additional 131 shares during the last quarter. US Bancorp DE grew its stake in shares of Oshkosh by 3.0% during the 1st quarter. US Bancorp DE now owns 4,522 shares of the company’s stock valued at $564,000 after purchasing an additional 132 shares during the period. Atlas Capital Advisors LLC increased its holdings 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 buying an additional 139 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Oshkosh by 26.2% during the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock worth $79,000 after acquiring an additional 152 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Stock Down 0.6 %

NYSE OSK traded down $0.65 on Friday, reaching $102.58. 280,558 shares of the stock traded hands, compared to its average volume of 495,481. Oshkosh Co. has a 12 month low of $86.10 and a 12 month high of $127.98. 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 fifty day moving average price of $106.27 and a 200-day moving average price of $112.61. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.81 and a beta of 1.22.

Oshkosh (NYSE:OSK) last released its quarterly earnings data 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. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.69 earnings per share. As a group, research analysts forecast that Oshkosh Co. will post 11.68 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Friday, August 16th. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

Analyst Ratings Changes

Several equities research analysts have recently commented on OSK shares. Raymond James initiated coverage on Oshkosh in a research note on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective for the company. Bank of America raised their price objective on Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 28th. Citigroup assumed coverage on Oshkosh in a research note on Wednesday, June 26th. They set a “buy” rating and a $130.00 price objective for the company. Jefferies Financial Group decreased their target price on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Finally, Stifel Nicolaus reduced their price objective on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $125.40.

Oshkosh Company 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.