Nicolet Advisory Services LLC Has $4.16 Million Holdings in Oshkosh Corporation (NYSE:OSK)

Key Points

• Nicolet Advisory Services LLC increased its stake in Oshkosh Corporation by 4.8%, owning 44,253 shares now valued at approximately $4.16 million.
• Oshkosh Corporation reported $1.92 EPS for the last quarter, missing analysts' expectations of $2.02 EPS, with revenue of $2.31 billion, down 9.1% year-over-year.
• Several institutional investors, including NorthRock Partners LLC and Federated Hermes Inc., have also increased their positions in Oshkosh, contributing to institutional ownership of 92.36% of the company's stock.

Nicolet Advisory Services LLC raised its stake in Oshkosh Corporation (NYSE:OSK - Free Report) by 4.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,253 shares of the company's stock after acquiring an additional 2,023 shares during the quarter. Nicolet Advisory Services LLC owned about 0.07% of Oshkosh worth $4,163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NorthRock Partners LLC increased its position in Oshkosh by 14.8% in the 1st quarter. NorthRock Partners LLC now owns 2,917 shares of the company's stock valued at $274,000 after acquiring an additional 375 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Oshkosh during the 1st quarter worth approximately $690,000. Vestcor Inc acquired a new stake in shares of Oshkosh during the 1st quarter worth approximately $430,000. XTX Topco Ltd acquired a new stake in shares of Oshkosh during the 1st quarter worth approximately $358,000. Finally, Federated Hermes Inc. grew its position in shares of Oshkosh by 27.3% during the 1st quarter. Federated Hermes Inc. now owns 6,161 shares of the company's stock worth $580,000 after buying an additional 1,321 shares during the period. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Stock Up 0.8%

Oshkosh stock opened at $126.46 on Friday. 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 Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $130.43. The company's 50 day simple moving average is $115.39 and its 200 day simple moving average is $102.90. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 2.02 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last announced 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 company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the firm posted $2.89 EPS. The business's quarterly revenue was down 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Wall Street Analysts Forecast Growth

OSK has been the subject of several analyst reports. Morgan Stanley lowered their price target on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Robert W. Baird lifted their price target on shares of Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Truist Financial upgraded shares of Oshkosh from a "hold" rating to a "buy" rating and lifted their price target for the stock from $93.00 to $127.00 in a research report on Tuesday, June 3rd. DA Davidson lifted their price target on shares of Oshkosh from $111.00 to $148.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Oshkosh has an average rating of "Moderate Buy" and a consensus price target of $129.69.

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.

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