Alaska Permanent Fund Corp Purchases Shares of 4,069 Oshkosh Co. (NYSE:OSK)

Alaska Permanent Fund Corp bought a new position in shares of Oshkosh Co. (NYSE:OSK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,069 shares of the company’s stock, valued at approximately $441,000.

Other large investors have also recently bought and sold shares of the company. BluePath Capital Management LLC purchased a new position in Oshkosh during the 3rd quarter worth approximately $32,000. Venturi Wealth Management LLC increased its stake in shares of Oshkosh by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after acquiring an additional 111 shares during the period. GAMMA Investing LLC purchased a new position in shares of Oshkosh during the fourth quarter worth $42,000. Counterpoint Mutual Funds LLC acquired a new position in Oshkosh during the third quarter valued at $86,000. Finally, Arlington Partners LLC boosted its holdings in Oshkosh by 36.5% in the third quarter. Arlington Partners LLC now owns 934 shares of the company’s stock valued at $89,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Insider Activity

In related news, SVP Anupam Khare sold 4,234 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the transaction, the senior vice president now directly owns 13,499 shares in the company, valued at $1,503,518.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OSK. Citigroup boosted their price objective on Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Truist Financial boosted their price target on Oshkosh from $121.00 to $132.00 and gave the company a “hold” rating in a report on Friday. TheStreet raised shares of Oshkosh from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. UBS Group boosted their target price on shares of Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, StockNews.com lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Friday. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and a consensus price target of $123.50.

Oshkosh Trading Down 0.9 %

Shares of Oshkosh stock opened at $117.58 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Oshkosh Co. has a twelve month low of $72.09 and a twelve month high of $127.98. The firm has a market capitalization of $7.71 billion, a PE ratio of 11.25, a P/E/G ratio of 1.39 and a beta of 1.29. The firm’s 50-day moving average price is $117.49 and its 200 day moving average price is $107.07.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.63. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the business posted $1.59 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts predict that Oshkosh Co. will post 11.25 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s payout ratio is 17.61%.

Oshkosh 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.