Credit Suisse AG Has $4.88 Million Position in Oshkosh Co. (NYSE:OSK)

Credit Suisse AG lifted its holdings in Oshkosh Co. (NYSE:OSK) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,713 shares of the company’s stock after buying an additional 2,157 shares during the period. Credit Suisse AG owned about 0.09% of Oshkosh worth $4,884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. WealthPLAN Partners LLC acquired a new position in Oshkosh in the 1st quarter valued at approximately $25,000. Money Concepts Capital Corp increased its stake in shares of Oshkosh by 1,359.1% in the fourth quarter. Money Concepts Capital Corp now owns 321 shares of the company’s stock worth $28,000 after acquiring an additional 299 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Oshkosh by 284.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock worth $38,000 after acquiring an additional 321 shares in the last quarter. Manchester Capital Management LLC boosted its position in Oshkosh by 26.9% during the first quarter. Manchester Capital Management LLC now owns 1,070 shares of the company’s stock valued at $89,000 after purchasing an additional 227 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in Oshkosh by 14.2% in the first quarter. Captrust Financial Advisors now owns 1,211 shares of the company’s stock valued at $122,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 89.20% of the company’s stock.

Oshkosh Stock Up 2.0 %

Shares of OSK stock opened at $101.98 on Wednesday. Oshkosh Co. has a 12 month low of $69.30 and a 12 month high of $106.66. The stock has a 50 day moving average of $93.40 and a 200-day moving average of $85.38. The firm has a market cap of $6.66 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.35 and a beta of 1.41. The company has a quick ratio of 1.03, a current ratio of 1.81 and a debt-to-equity ratio of 0.18.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $1.12. Oshkosh had a net margin of 4.45% and a return on equity of 14.22%. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the business posted $0.41 EPS. The business’s quarterly revenue was up 16.8% on a year-over-year basis. On average, equities analysts predict that Oshkosh Co. will post 8.08 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.64 annualized dividend and a dividend yield of 1.61%. Oshkosh’s dividend payout ratio (DPR) is currently 27.11%.

Insider Activity

In other Oshkosh news, EVP Frank R. Nerenhausen sold 10,300 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $106.03, for a total transaction of $1,092,109.00. Following the transaction, the executive vice president now owns 52,126 shares of the company’s stock, valued at approximately $5,526,919.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.64% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OSK. Robert W. Baird upgraded Oshkosh from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $92.00 to $137.00 in a report on Wednesday, August 2nd. KeyCorp boosted their target price on shares of Oshkosh from $110.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. StockNews.com assumed coverage on shares of Oshkosh in a report on Thursday, August 17th. They set a “buy” rating on the stock. Stifel Nicolaus upped their price objective on shares of Oshkosh from $101.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Finally, JPMorgan Chase & Co. raised their target price on Oshkosh from $97.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and a consensus price target of $108.62.

About Oshkosh

Oshkosh Corporation designs, manufacture, and markets specialty trucks and access equipment vehicles worldwide. 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.