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:OSKFree Report) 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:OSKGet Free Report) 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.

View Our Latest Report on Oshkosh

Oshkosh Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Co. (NYSE:OSKFree Report).

Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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