Janney Montgomery Scott LLC Increases Stock Position in Oshkosh Co. (NYSE:OSK)

Janney Montgomery Scott LLC boosted its stake in Oshkosh Co. (NYSE:OSKFree Report) by 10.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,845 shares of the company’s stock after purchasing an additional 3,454 shares during the quarter. Janney Montgomery Scott LLC owned about 0.05% of Oshkosh worth $4,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in OSK. Atlas Capital Advisors LLC raised its stake in shares of Oshkosh by 161.6% during the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after acquiring an additional 139 shares in the last quarter. Rise Advisors LLC raised its stake in shares of Oshkosh by 215.5% during the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after acquiring an additional 181 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of 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 acquiring an additional 111 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Oshkosh during the fourth quarter worth approximately $42,000. Finally, Principal Securities Inc. purchased a new position in shares of Oshkosh during the fourth quarter worth approximately $74,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on OSK shares. Robert W. Baird lifted their price target on shares of Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Bank of America lifted their target price on shares of Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 28th. Stifel Nicolaus lifted their target price on shares of Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. StockNews.com downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Raymond James assumed coverage on shares of Oshkosh in a research note on Friday, June 28th. They issued an “outperform” rating and a $125.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.06.

Read Our Latest Analysis on Oshkosh

Oshkosh Stock Performance

NYSE:OSK opened at $103.69 on Thursday. The stock has a market cap of $6.78 billion, a P/E ratio of 9.92, a price-to-earnings-growth ratio of 1.05 and a beta of 1.22. The firm’s fifty day simple moving average is $111.25 and its 200 day simple moving average is $112.78. Oshkosh Co. has a twelve month low of $86.10 and a twelve month high of $127.98. 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 (NYSE:OSKGet Free Report) last announced its earnings results on Thursday, April 25th. The company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the business posted $1.59 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, research analysts predict that Oshkosh Co. will post 11.21 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Friday, May 10th. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

About Oshkosh

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Co. (NYSE:OSKFree Report).

Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

Receive News & Ratings for Oshkosh Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh and related companies with MarketBeat.com's FREE daily email newsletter.