Oshkosh Co. (NYSE:OSK) Shares Acquired by Stablepoint Partners LLC

Stablepoint Partners LLC boosted its holdings in shares of Oshkosh Co. (NYSE:OSK) by 5.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,635 shares of the company’s stock after purchasing an additional 1,093 shares during the period. Stablepoint Partners LLC’s holdings in Oshkosh were worth $2,130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Parallel Advisors LLC lifted its position in shares of Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock valued at $25,000 after acquiring an additional 127 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares in the last quarter. Coppell Advisory Solutions LLC lifted its position in shares of Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after acquiring an additional 110 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Oshkosh in the 4th quarter valued at approximately $32,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Oshkosh in the 4th quarter valued at approximately $34,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Performance

Shares of OSK opened at $109.66 on Friday. The company’s fifty day moving average is $91.96 and its 200-day moving average is $97.98. Oshkosh Co. has a 12 month low of $76.82 and a 12 month high of $118.39. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the company earned $2.89 EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. Equities analysts expect that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.51 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.86%. Oshkosh’s payout ratio is presently 21.79%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. DA Davidson reduced their price target on shares of Oshkosh from $120.00 to $111.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. UBS Group upped their price target on shares of Oshkosh from $99.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. cut their target price on shares of Oshkosh from $100.00 to $92.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Citigroup reiterated a “buy” rating and issued a $105.00 target price (up previously from $95.00) on shares of Oshkosh in a research report on Tuesday, May 6th. Finally, Evercore ISI increased their target price on shares of Oshkosh from $137.00 to $147.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and an average target price of $117.36.

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.