Expect Equity LLC Takes $2.80 Million Position in Oshkosh Co. (NYSE:OSK)

Expect Equity LLC bought a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 29,435 shares of the company's stock, valued at approximately $2,798,000. Oshkosh accounts for about 2.9% of Expect Equity LLC's portfolio, making the stock its 10th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. boosted its position in shares of Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after acquiring an additional 138 shares in the last quarter. Coppell Advisory Solutions LLC grew its holdings in shares of Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after purchasing an additional 110 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in Oshkosh during the 4th quarter worth approximately $32,000. V Square Quantitative Management LLC grew its position in Oshkosh by 64.1% during the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock worth $38,000 after acquiring an additional 157 shares during the last quarter. Finally, Twin Tree Management LP bought a new stake in Oshkosh during the 4th quarter worth approximately $41,000. Institutional investors own 92.36% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on OSK. UBS Group decreased their price objective on shares of Oshkosh from $137.00 to $97.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Evercore ISI increased their price objective on shares of Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Truist Financial cut their price target on Oshkosh from $94.00 to $93.00 and set a "hold" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut their price target on Oshkosh from $100.00 to $92.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Robert W. Baird cut their price target on shares of Oshkosh from $163.00 to $135.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $112.64.

Oshkosh Stock Up 0.6%

OSK traded up $0.57 during trading hours on Wednesday, hitting $100.73. 480,260 shares of the company's stock were exchanged, compared to its average volume of 777,106. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The stock's 50-day moving average is $90.55 and its two-hundred day moving average is $98.85. Oshkosh Co. has a 1-year low of $76.82 and a 1-year high of $123.25. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 1.45 and a beta of 1.37.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the business posted $2.89 EPS. The company's revenue for the quarter was down 9.1% on a year-over-year basis. Sell-side analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh's payout ratio is currently 21.79%.

Oshkosh Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.