Edgestream Partners L.P. Acquires New Shares in Oshkosh Corporation (NYSE:OSK)

Edgestream Partners L.P. purchased a new position in Oshkosh Corporation (NYSE:OSK - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 13,903 shares of the company's stock, valued at approximately $1,308,000.

Several other institutional investors have also modified their holdings of the business. Synovus Financial Corp raised its stake in Oshkosh by 0.4% during the fourth quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock valued at $2,886,000 after buying an additional 106 shares in the last quarter. Coppell Advisory Solutions LLC grew 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 valued at $30,000 after purchasing an additional 110 shares during the last quarter. Captrust Financial Advisors grew its holdings in Oshkosh by 3.9% in the 4th quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock worth $310,000 after buying an additional 122 shares in the last quarter. Parallel Advisors LLC grew its holdings in Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after buying an additional 127 shares in the last quarter. Finally, Capital Insight Partners LLC grew its holdings in Oshkosh by 3.9% in the 1st quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock worth $433,000 after buying an additional 171 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Price Performance

Shares of NYSE:OSK traded down $0.95 during midday trading on Friday, reaching $123.42. 543,464 shares of the company's stock traded hands, compared to its average volume of 683,160. The company has a fifty day simple moving average of $110.62 and a two-hundred day simple moving average of $100.82. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $129.02. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77. The company has a market cap of $7.94 billion, a P/E ratio of 13.19, a PEG ratio of 1.80 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly 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 net margin of 5.84% and a return on equity of 17.22%. The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.42 billion. During the same quarter last year, the firm earned $2.89 earnings per share. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. Equities analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $0.51 per share. The ex-dividend date was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.65%. Oshkosh's payout ratio is 21.79%.

Wall Street Analyst Weigh In

OSK has been the subject of a number of recent analyst reports. Bank of America increased their price objective on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a report on Friday, June 6th. DA Davidson decreased their price target on Oshkosh from $120.00 to $111.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and increased their price target for the company from $93.00 to $127.00 in a research note on Tuesday, June 3rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. Finally, Morgan Stanley decreased their price target on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $126.85.

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.