Crestline Management LP Buys Shares of 6,153 Oshkosh Co. (NYSE:OSK)

Crestline Management LP purchased a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,153 shares of the company's stock, valued at approximately $585,000.

A number of other hedge funds also recently modified their holdings of OSK. Blue Trust Inc. lifted its holdings in shares of Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares during the period. Coppell Advisory Solutions LLC lifted its holdings in shares of Oshkosh by 52.1% during the fourth 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 period. Hager Investment Management Services LLC acquired a new position in shares of Oshkosh during the fourth quarter worth $32,000. Proficio Capital Partners LLC acquired a new position in shares of Oshkosh during the fourth quarter worth $34,000. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock worth $38,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Stock Up 0.6%

OSK stock traded up $0.56 during trading on Wednesday, reaching $100.72. The stock had a trading volume of 1,094,303 shares, compared to its average volume of 619,524. Oshkosh Co. has a one year low of $76.82 and a one year high of $123.25. 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 company's 50 day moving average is $90.55 and its two-hundred day moving average is $98.85. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 1.45 and a beta of 1.37.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 earnings per share (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 firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the company posted $2.89 earnings per share. The company's revenue for the quarter was down 9.1% on a year-over-year basis. Equities research analysts forecast that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.51 dividend. 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 21.79%.

Analyst Ratings Changes

OSK has been the topic of a number of recent research reports. Raymond James lifted their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Morgan Stanley dropped their target price on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their target price on shares of Oshkosh from $100.00 to $92.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Citigroup restated a "buy" rating and issued a $105.00 target price (up previously from $95.00) on shares of Oshkosh in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group dropped their target price on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $112.64.

About Oshkosh

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.