Bridgefront Capital LLC lowered its position in shares of Oshkosh Co. (NYSE:OSK – Get Rating) by 24.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,112 shares of the company’s stock after selling 985 shares during the quarter. Bridgefront Capital LLC’s holdings in Oshkosh were worth $219,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in OSK. Private Advisor Group LLC acquired a new stake in shares of Oshkosh during the first quarter valued at approximately $404,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Oshkosh by 5.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,410 shares of the company’s stock valued at $2,457,000 after acquiring an additional 1,322 shares during the period. Cetera Investment Advisers acquired a new position in Oshkosh in the 1st quarter valued at approximately $222,000. Ergoteles LLC acquired a new position in Oshkosh in the 1st quarter valued at approximately $567,000. Finally, Pearl River Capital LLC increased its stake in Oshkosh by 74.4% in the 1st quarter. Pearl River Capital LLC now owns 4,457 shares of the company’s stock valued at $449,000 after buying an additional 1,902 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Raymond James upped their price objective on shares of Oshkosh from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 2nd. Stifel Nicolaus upped their price objective on shares of Oshkosh from $100.00 to $103.00 and gave the company a “buy” rating in a research note on Friday, January 20th. Robert W. Baird upped their price objective on shares of Oshkosh from $93.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, February 1st. The Goldman Sachs Group increased their price target on shares of Oshkosh from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, December 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Oshkosh from $95.00 to $103.00 in a research note on Monday, December 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.71.
Insider Buying and Selling at Oshkosh
Oshkosh Price Performance
NYSE OSK opened at $82.19 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $93.52 and a 200 day simple moving average of $87.13. The company has a market cap of $5.38 billion, a P/E ratio of 33.96, a P/E/G ratio of 0.41 and a beta of 1.40. Oshkosh Co. has a 1 year low of $69.30 and a 1 year high of $111.18.
Oshkosh (NYSE:OSK – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.13). Oshkosh had a return on equity of 7.18% and a net margin of 1.92%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the company posted $0.09 earnings per share. Oshkosh’s quarterly revenue was up 23.0% on a year-over-year basis. On average, sell-side analysts predict that Oshkosh Co. will post 5.53 EPS for the current year.
Oshkosh Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 2nd. Shareholders of record on Thursday, February 16th were issued a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, February 15th. This is an increase from Oshkosh’s previous quarterly dividend of $0.37. This represents a $1.64 dividend on an annualized basis and a yield of 2.00%. Oshkosh’s dividend payout ratio is 67.77%.
Oshkosh Corp. engages in the design, manufacture, and marketing of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment consists of JerrDan and JLG, which manufactures aerial work platforms and telehandlers that are used in construction, industrial, institutional, and general maintenance applications to position workers and materials at elevated heights.
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