Oshkosh Corporation (NYSE:OSK) Shares Acquired by N.E.W. Advisory Services LLC

Key Points

• N.E.W. Advisory Services LLC increased its holdings in Oshkosh Corporation by 26.4% in Q1, acquiring an additional 2,347 shares, bringing its total to 11,239 shares valued at approximately $1,057,000.
• Several brokerages have recently updated their price targets for Oshkosh stock, with Robert W. Baird setting a target of $169.00 and Citigroup raising its target to $130.00, indicating bullish sentiment among analysts.
• Oshkosh reported disappointing Q2 earnings with $1.92 EPS, missing estimates, and revenues of $2.31 billion, down 9.1% from the previous year.

N.E.W. Advisory Services LLC raised its stake in Oshkosh Corporation (NYSE:OSK - Free Report) by 26.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,239 shares of the company's stock after acquiring an additional 2,347 shares during the period. N.E.W. Advisory Services LLC's holdings in Oshkosh were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in OSK. Dimensional Fund Advisors LP raised its holdings in Oshkosh by 9.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock worth $220,342,000 after purchasing an additional 206,377 shares in the last quarter. FMR LLC increased its holdings in Oshkosh by 13.0% in the fourth quarter. FMR LLC now owns 1,383,558 shares of the company's stock valued at $131,535,000 after buying an additional 159,667 shares in the last quarter. Invesco Ltd. increased its holdings in Oshkosh by 2.3% in the fourth quarter. Invesco Ltd. now owns 1,243,561 shares of the company's stock valued at $118,225,000 after buying an additional 27,659 shares in the last quarter. Geode Capital Management LLC increased its holdings in Oshkosh by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 1,130,190 shares of the company's stock valued at $107,479,000 after buying an additional 40,260 shares in the last quarter. Finally, Norges Bank purchased a new position in Oshkosh in the fourth quarter valued at about $72,692,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Trading Up 2.3%

NYSE OSK traded up $2.92 during mid-day trading on Friday, reaching $129.45. 1,006,208 shares of the stock were exchanged, compared to its average volume of 787,806. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $133.86. The business's fifty day simple moving average is $115.39 and its 200 day simple moving average is $102.90. The stock has a market capitalization of $8.33 billion, a PE ratio of 13.84, a PEG ratio of 2.02 and a beta of 1.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.98 by $0.43. Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the business earned $3.34 earnings per share. Oshkosh's revenue was down 4.0% compared to the same quarter last year. On average, research analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on OSK shares. Evercore ISI increased their target price on shares of Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a report on Monday, May 19th. UBS Group increased their target price on shares of Oshkosh from $119.00 to $149.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Oshkosh in a report on Friday, June 6th. Bank of America increased their target price on shares of Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, June 6th. Finally, KeyCorp dropped their target price on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.69.

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.