Aquatic Capital Management LLC Invests $4.88 Million in Oshkosh Corporation $OSK

Aquatic Capital Management LLC purchased a new position in Oshkosh Corporation (NYSE:OSK) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 37,587 shares of the company’s stock, valued at approximately $4,875,000. Aquatic Capital Management LLC owned approximately 0.06% of Oshkosh as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OSK. Harbor Capital Advisors Inc. acquired a new stake in shares of Oshkosh during the third quarter worth approximately $26,000. Blue Trust Inc. raised its holdings in Oshkosh by 471.1% in the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after acquiring an additional 179 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in Oshkosh by 3,014.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after acquiring an additional 211 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in Oshkosh during the 3rd quarter valued at $29,000. Finally, Root Financial Partners LLC acquired a new position in Oshkosh during the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction of $676,280.00. Following the sale, the senior vice president directly owned 13,577 shares in the company, valued at $2,295,463.39. The trade was a 22.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.55% of the company’s stock.

Oshkosh Stock Performance

OSK opened at $147.79 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $159.49 and its 200-day moving average is $140.56. The stock has a market cap of $9.24 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.76 and a beta of 1.37. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $180.49.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the company earned $2.58 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Oshkosh’s dividend payout ratio (DPR) is currently 22.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on OSK shares. Morgan Stanley cut their target price on shares of Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 3rd. Barclays began coverage on Oshkosh in a research note on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price target for the company. DA Davidson upped their price objective on Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. increased their target price on Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Finally, UBS Group lifted their target price on Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and a consensus price target of $165.31.

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.