Levin Capital Strategies L.P. Buys Shares of 5,000 Oshkosh Corporation $OSK

Levin Capital Strategies L.P. bought a new stake in Oshkosh Corporation (NYSE:OSK) during the 4th quarter, Holdings Channel reports. The firm bought 5,000 shares of the company’s stock, valued at approximately $628,000.

Several other hedge funds and other institutional investors also recently modified their holdings of OSK. Alliancebernstein L.P. grew its stake in shares of Oshkosh by 908.0% in the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock valued at $118,481,000 after purchasing an additional 822,874 shares during the last quarter. Capital Research Global Investors purchased a new position in shares of Oshkosh in the 3rd quarter valued at approximately $63,441,000. UBS Group AG grew its stake in shares of Oshkosh by 162.3% in the 3rd quarter. UBS Group AG now owns 603,041 shares of the company’s stock valued at $78,214,000 after purchasing an additional 373,172 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Oshkosh by 25.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after purchasing an additional 345,782 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Oshkosh by 26.3% in the 3rd quarter. Invesco Ltd. now owns 1,476,969 shares of the company’s stock valued at $191,563,000 after purchasing an additional 307,949 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Oshkosh from $182.00 to $158.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Sanford C. Bernstein set a $138.00 target price on Oshkosh in a research note on Thursday, April 9th. Truist Financial set a $183.00 price target on Oshkosh in a report on Friday, January 30th. DA Davidson raised their price target on Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Finally, Zacks Research raised Oshkosh from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.56.

Insider Transactions at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction on Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the transaction, the senior vice president directly owned 13,577 shares of the company’s stock, valued at approximately $2,295,463.39. The trade was a 22.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.64% of the company’s stock.

Oshkosh Stock Down 1.7%

OSK opened at $147.16 on Thursday. The business has a 50 day simple moving average of $153.41 and a 200-day simple moving average of $143.63. The stock has a market capitalization of $9.22 billion, a P/E ratio of 14.69, a P/E/G ratio of 0.77 and a beta of 1.39. Oshkosh Corporation has a 12 month low of $82.14 and a 12 month high of $180.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data 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). The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.58 earnings per share. On average, equities analysts anticipate that Oshkosh Corporation will post 11.14 earnings per share for the current fiscal year.

About Oshkosh

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.