Versor Investments LP Makes New $1.35 Million Investment in Oshkosh Corporation $OSK

Versor Investments LP acquired a new stake in Oshkosh Corporation (NYSE:OSK) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,389 shares of the company’s stock, valued at approximately $1,347,000.

Several other large investors have also recently added to or reduced their stakes in OSK. Sivia Capital Partners LLC lifted its holdings in shares of Oshkosh by 2.8% during the 3rd quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock worth $382,000 after acquiring an additional 81 shares during the period. ProShare Advisors LLC increased its position in Oshkosh by 3.1% during the second quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock worth $324,000 after purchasing an additional 87 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Oshkosh by 6.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock worth $200,000 after purchasing an additional 100 shares during the period. First Business Financial Services Inc. raised its stake in Oshkosh by 0.9% during the third quarter. First Business Financial Services Inc. now owns 11,845 shares of the company’s stock worth $1,536,000 after purchasing an additional 103 shares during the period. Finally, Whittier Trust Co. boosted its holdings in shares of Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after purchasing an additional 114 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. UBS Group restated a “buy” rating and issued a $167.00 price objective on shares of Oshkosh in a report on Friday, January 30th. Robert W. Baird set a $182.00 price target on shares of Oshkosh in a report on Friday, January 30th. DA Davidson boosted their price objective on shares of Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Bank of America raised shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price objective for the company in a research report on Tuesday, February 3rd. Finally, Morgan Stanley reduced their target price on shares of Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 3rd. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and a consensus target price of $159.60.

Oshkosh Stock Up 0.5%

Shares of NYSE:OSK opened at $172.50 on Tuesday. The company’s fifty day moving average is $141.38 and its two-hundred day moving average is $135.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $174.89. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43.

Oshkosh (NYSE:OSK) last posted its earnings results 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 net margin of 6.21% and a return on equity of 15.69%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the firm earned $2.58 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently declared 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 is a positive change from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.3%. Oshkosh’s dividend payout ratio is 20.36%.

About Oshkosh

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.