GAMMA Investing LLC Acquires Shares of 384 Oshkosh Co. (NYSE:OSK)

GAMMA Investing LLC acquired a new stake in Oshkosh Co. (NYSE:OSK) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 384 shares of the company’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BluePath Capital Management LLC bought a new position in shares of Oshkosh during the third quarter worth approximately $32,000. Venturi Wealth Management LLC grew its position in Oshkosh by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after buying an additional 111 shares in the last quarter. International Assets Investment Management LLC grew its position in Oshkosh by 10,744.4% during the fourth quarter. International Assets Investment Management LLC now owns 976 shares of the company’s stock worth $106,000 after buying an additional 967 shares in the last quarter. Olympiad Research LP acquired a new stake in Oshkosh during the third quarter worth approximately $206,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in Oshkosh during the fourth quarter worth approximately $208,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Up 0.9 %

Shares of NYSE:OSK opened at $114.38 on Friday. The firm has a market cap of $7.48 billion, a P/E ratio of 10.95, a P/E/G ratio of 1.19 and a beta of 1.30. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. Oshkosh Co. has a 12-month low of $72.09 and a 12-month high of $127.98. The business has a fifty day simple moving average of $117.96 and a 200 day simple moving average of $107.62.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.63. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. Oshkosh’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $1.59 EPS. Analysts predict that Oshkosh Co. will post 11.16 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s dividend payout ratio is currently 17.61%.

Analysts Set New Price Targets

OSK has been the topic of a number of analyst reports. StockNews.com downgraded Oshkosh from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Evercore ISI raised their target price on Oshkosh from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. UBS Group raised their target price on Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Company raised their target price on Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Finally, Stifel Nicolaus raised their target price on Oshkosh from $135.00 to $140.00 and gave the company a “buy” rating in a report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.50.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.64% of the company’s stock.

About Oshkosh

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.