Lecap Asset Management Ltd. lifted its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 327.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,773 shares of the company's stock after acquiring an additional 12,083 shares during the period. Lecap Asset Management Ltd.'s holdings in Oshkosh were worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in OSK. Blue Trust Inc. boosted its holdings in shares of Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after buying an additional 138 shares in the last quarter. 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 valued at $25,000 after acquiring an additional 127 shares during the period. CX Institutional bought a new position in Oshkosh during the first quarter worth $28,000. Coppell Advisory Solutions LLC grew its holdings in Oshkosh by 52.1% in 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. Finally, Twin Tree Management LP bought a new stake in Oshkosh in the fourth quarter valued at $41,000. 92.36% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts recently commented on OSK shares. The Goldman Sachs Group decreased their target price on Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Citigroup reissued a "buy" rating and issued a $130.00 price objective (up previously from $125.00) on shares of Oshkosh in a research note on Tuesday. UBS Group upped their target price on Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. DA Davidson cut their target price on Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, KeyCorp reduced their price target on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Oshkosh currently has a consensus rating of "Moderate Buy" and an average target price of $122.07.
View Our Latest Report on Oshkosh
Oshkosh Stock Up 1.0%
NYSE:OSK traded up $1.08 on Friday, hitting $114.07. The stock had a trading volume of 120,794 shares, compared to its average volume of 660,637. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $118.39. The firm's fifty day simple moving average is $99.33 and its two-hundred day simple moving average is $97.93. 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 stock has a market cap of $7.34 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41.
Oshkosh (NYSE:OSK - Get Free Report) last issued 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 net margin of 5.84% and a return on equity of 17.22%. The business had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.42 billion. During the same period in the previous year, the business posted $2.89 earnings per share. The business's revenue was down 9.1% compared to the same quarter last year. Analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current year.
Oshkosh Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, May 16th. Oshkosh's dividend payout ratio (DPR) is currently 21.79%.
Oshkosh Company Profile
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Free Report)
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.
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