AXQ Capital LP Buys New Shares in Oshkosh Corporation $OSK

AXQ Capital LP purchased a new position in Oshkosh Corporation (NYSE:OSK) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,820 shares of the company’s stock, valued at approximately $1,014,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Keybank National Association OH purchased a new position in Oshkosh during the 3rd quarter valued at approximately $422,000. Mutual Advisors LLC purchased a new position in shares of Oshkosh in the third quarter valued at $849,000. Peterson Wealth Services increased its position in Oshkosh by 3,459.5% in the third quarter. Peterson Wealth Services now owns 56,952 shares of the company’s stock worth $7,387,000 after purchasing an additional 55,352 shares during the last quarter. Convergence Investment Partners LLC bought a new stake in Oshkosh in the third quarter worth $1,162,000. Finally, Asset Management One Co. Ltd. purchased a new stake in Oshkosh during the third quarter valued at $1,399,000. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Price Performance

OSK opened at $176.90 on Tuesday. The company has a market capitalization of $11.07 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 0.89 and a beta of 1.43. 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 business’s fifty day simple moving average is $149.89 and its 200-day simple moving average is $138.26.

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

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a 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%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday. Robert W. Baird set a $182.00 price objective on Oshkosh in a research note on Friday, January 30th. KeyCorp restated an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Zacks Research cut Oshkosh from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a report on Thursday, January 22nd. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.60.

Oshkosh 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.