CenterBook Partners LP Makes New $611,000 Investment in Oshkosh Corporation $OSK

CenterBook Partners LP acquired a new position in shares of Oshkosh Corporation (NYSE:OSK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,711 shares of the company’s stock, valued at approximately $611,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in shares of Oshkosh by 43.4% during the first quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock valued at $21,180,000 after acquiring an additional 68,165 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Oshkosh by 8.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock worth $17,705,000 after purchasing an additional 14,122 shares in the last quarter. Focus Partners Wealth purchased a new position in Oshkosh during the 1st quarter valued at about $567,000. Sivia Capital Partners LLC bought a new position in Oshkosh during the 2nd quarter valued at approximately $325,000. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Oshkosh during the second quarter valued at $270,000. 92.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OSK has been the topic of a number of research analyst reports. Citigroup lowered their price target on Oshkosh from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Zacks Research lowered shares of Oshkosh from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. KeyCorp reissued an “overweight” rating on shares of Oshkosh in a report on Thursday, December 18th. DA Davidson raised their target price on shares of Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Oshkosh from $144.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Oshkosh presently has a consensus rating of “Moderate Buy” and an average price target of $159.60.

Oshkosh Stock Up 3.1%

Shares of OSK stock opened at $175.80 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $180.49. The stock has a market cap of $11.00 billion, a P/E ratio of 17.54, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a 50 day simple moving average of $148.96 and a two-hundred day simple moving average of $137.96.

Oshkosh (NYSE:OSK) last announced 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 net margin of 6.21% and a return on equity of 15.69%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the firm posted $2.58 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.3%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, February 17th. Oshkosh’s payout ratio is presently 22.75%.

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.