Handelsbanken Fonder AB Acquires New Position in Oshkosh Co. (NYSE:OSK)

Handelsbanken Fonder AB bought a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 22,644 shares of the company's stock, valued at approximately $2,130,000.

Several other institutional investors have also modified their holdings of the business. Parallel Advisors LLC lifted its position in shares of Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after buying an additional 138 shares in the last quarter. Coppell Advisory Solutions LLC grew its stake in Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after buying an additional 110 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Oshkosh during the 4th quarter worth $34,000. Finally, 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 purchasing an additional 157 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on OSK. KeyCorp lowered their price target on Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. DA Davidson dropped their target price on Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. raised their price target on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Evercore ISI upped their price objective on Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $120.29.

Oshkosh Stock Up 0.8%

NYSE:OSK traded up $0.94 during mid-day trading on Monday, hitting $111.92. The company had a trading volume of 52,457 shares, compared to its average volume of 653,103. The business has a fifty day simple moving average of $94.86 and a 200-day simple moving average of $97.77. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.45 and a beta of 1.41. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 1 year low of $76.82 and a 1 year high of $118.39.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results 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). The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The business's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.89 EPS. Equities analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared 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. This represents a $2.04 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, May 16th. Oshkosh's dividend payout ratio is currently 21.79%.

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.