Oshkosh Co. (NYSE:OSK) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Oshkosh Co. (NYSE:OSK) by 10,320.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,999 shares of the company’s stock after purchasing an additional 61,404 shares during the period. GAMMA Investing LLC owned 0.10% of Oshkosh worth $5,833,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after purchasing an additional 110 shares during the period. Proficio Capital Partners LLC purchased a new stake in Oshkosh in the fourth quarter valued at approximately $34,000. V Square Quantitative Management LLC increased its position in shares of Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after acquiring an additional 157 shares during the period. Finally, Twin Tree Management LP purchased a new stake in shares of Oshkosh during the fourth quarter worth $41,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Trading Up 1.2%

NYSE OSK opened at $110.68 on Tuesday. The stock has a market capitalization of $7.12 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.45 and a beta of 1.41. Oshkosh Co. has a 52-week low of $76.82 and a 52-week high of $118.39. The firm has a 50-day moving average price of $92.57 and a 200 day moving average price of $97.84. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the business posted $2.89 earnings per share. The company’s quarterly revenue was down 9.1% on a year-over-year basis. Equities research analysts expect that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.84%. Oshkosh’s dividend payout ratio (DPR) is 21.79%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OSK. Evercore ISI upped their price objective on Oshkosh from $137.00 to $147.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th. DA Davidson lowered their target price on shares of Oshkosh from $120.00 to $111.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Robert W. Baird upped their price objective on shares of Oshkosh from $135.00 to $169.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. upped their price objective on shares of Oshkosh from $92.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday. Finally, KeyCorp decreased their price objective on shares of Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus target price of $120.29.

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.