45,344 Shares in Oshkosh Corporation $OSK Bought by Magnetar Financial LLC

Magnetar Financial LLC bought a new stake in shares of Oshkosh Corporation (NYSE:OSK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 45,344 shares of the company’s stock, valued at approximately $5,881,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new stake in Oshkosh in the third quarter worth about $26,000. Blue Trust Inc. increased its holdings in shares of Oshkosh by 471.1% during the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after acquiring an additional 179 shares in the last quarter. SJS Investment Consulting Inc. raised its position in shares of Oshkosh by 3,014.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after purchasing an additional 211 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in Oshkosh in the 3rd quarter worth approximately $29,000. Finally, Quent Capital LLC acquired a new stake in Oshkosh in the 3rd quarter worth approximately $35,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $169.07, for a total value of $676,280.00. Following the sale, the senior vice president directly owned 13,577 shares of the company’s stock, valued at approximately $2,295,463.39. This trade represents a 22.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OSK. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. Barclays initiated coverage on shares of Oshkosh in a research note on Tuesday, November 25th. They set an “overweight” rating and a $150.00 price objective for the company. KeyCorp reissued an “overweight” rating on shares of Oshkosh in a report on Thursday, December 18th. Zacks Research raised Oshkosh from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Truist Financial set a $183.00 target price on Oshkosh in a research note on Friday, January 30th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $165.31.

Oshkosh Stock Down 2.5%

OSK opened at $152.48 on Thursday. The company has a fifty day moving average of $158.48 and a two-hundred day moving average of $140.46. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 0.79 and a beta of 1.37. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $180.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the previous year, the company earned $2.58 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a dividend of $0.57 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, February 17th. Oshkosh’s dividend payout ratio (DPR) is currently 22.75%.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.