New York State Common Retirement Fund Has $5.81 Million Stock Holdings in Oshkosh Corporation $OSK

New York State Common Retirement Fund increased its position in Oshkosh Corporation (NYSE:OSK) by 12.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,755 shares of the company’s stock after buying an additional 5,100 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Oshkosh worth $5,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in OSK. Norges Bank acquired a new position in Oshkosh in the 2nd quarter valued at approximately $98,570,000. American Century Companies Inc. lifted its holdings in shares of Oshkosh by 22.8% during the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock worth $324,587,000 after purchasing an additional 529,907 shares during the period. Pzena Investment Management LLC bought a new stake in shares of Oshkosh in the second quarter worth $59,709,000. AQR Capital Management LLC increased its holdings in Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after purchasing an additional 345,782 shares during the period. Finally, Amundi raised its position in Oshkosh by 616.7% during the 2nd quarter. Amundi now owns 224,765 shares of the company’s stock worth $27,529,000 after purchasing an additional 193,406 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Performance

NYSE:OSK opened at $163.32 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $169.62. The company has a fifty day moving average of $139.60 and a 200-day moving average of $134.63. The firm has a market capitalization of $10.33 billion, a P/E ratio of 16.30, a P/E/G ratio of 0.85 and a beta of 1.43.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the prior year, the company earned $2.58 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio is presently 20.36%.

Wall Street Analyst Weigh In

A number of research firms have commented on OSK. Morgan Stanley reduced their price target on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a report on Thursday, December 18th. UBS Group restated a “buy” rating and set a $167.00 price target on shares of Oshkosh in a report on Friday, January 30th. Finally, Robert W. Baird set a $182.00 price target on shares of Oshkosh in a research report on Friday, January 30th. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.60.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.