Alps Advisors Inc. Makes New Investment in Oshkosh Corporation (NYSE:OSK)

Alps Advisors Inc. acquired a new stake in Oshkosh Corporation (NYSE:OSK - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,710 shares of the company's stock, valued at approximately $349,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in Oshkosh in the 4th quarter valued at about $34,000. Raymond James Financial Inc. bought a new stake in Oshkosh in the 4th quarter valued at about $8,467,000. Farther Finance Advisors LLC increased its position in Oshkosh by 191.3% in the 4th quarter. Farther Finance Advisors LLC now owns 501 shares of the company's stock valued at $48,000 after buying an additional 329 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Oshkosh in the 4th quarter valued at about $899,000. Finally, Natixis Advisors LLC increased its position in Oshkosh by 275.2% in the 4th quarter. Natixis Advisors LLC now owns 67,341 shares of the company's stock valued at $6,402,000 after buying an additional 49,394 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on OSK shares. JPMorgan Chase & Co. boosted their target price on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. UBS Group boosted their target price on Oshkosh from $119.00 to $149.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Robert W. Baird boosted their price objective on Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Finally, The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $124.00 to $131.00 in a report on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Oshkosh has an average rating of "Moderate Buy" and a consensus target price of $126.85.

Oshkosh Stock Performance

Shares of NYSE OSK traded up $1.29 during midday trading on Thursday, reaching $124.43. The company's stock had a trading volume of 780,875 shares, compared to its average volume of 681,998. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $129.02. The firm has a 50 day moving average price of $109.33 and a 200-day moving average price of $100.38. The stock has a market capitalization of $8.01 billion, a P/E ratio of 13.29, a PEG ratio of 1.80 and a beta of 1.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.42 billion. During the same quarter in the previous year, the firm earned $2.89 EPS. Oshkosh's quarterly revenue was down 9.1% on a year-over-year basis. As a group, equities analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.64%. Oshkosh's dividend payout ratio is currently 21.79%.

Oshkosh Company 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.