Universal Beteiligungs und Servicegesellschaft mbH Has $5.88 Million Stock Holdings in Oshkosh Corporation (NYSE:OSK)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Oshkosh Corporation by 9.7%, owning approximately 0.10% of the company worth $5,883,000 following an additional acquisition of shares.
• Oshkosh reported a net margin of 5.84% and earnings of $1.92 EPS, which missed analysts' estimates of $2.02 EPS, marking a 9.1% decrease in revenue year-over-year.
• Analysts have set new price targets for Oshkosh shares, with recommendations ranging from $91.00 to $169.00, and the stock currently holds an average rating of "Moderate Buy".

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 9.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,536 shares of the company's stock after acquiring an additional 5,519 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Oshkosh worth $5,883,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Oshkosh in the fourth quarter valued at $1,274,000. Vanguard Group Inc. grew its holdings in shares of Oshkosh by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock worth $774,035,000 after acquiring an additional 176,400 shares during the period. Norges Bank purchased a new position in shares of Oshkosh during the 4th quarter worth $72,692,000. O Shaughnessy Asset Management LLC raised its position in shares of Oshkosh by 16.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,562 shares of the company's stock worth $244,000 after buying an additional 371 shares during the period. Finally, Geode Capital Management LLC raised its position 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 purchasing an additional 40,260 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on OSK shares. DA Davidson raised their target price on shares of Oshkosh from $111.00 to $148.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Evercore ISI lifted their price objective on shares of Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. Truist Financial raised shares of Oshkosh from a "hold" rating to a "buy" rating and increased their price target for the stock from $93.00 to $127.00 in a research report on Tuesday, June 3rd. Finally, UBS Group increased their price target on shares of Oshkosh from $119.00 to $149.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $129.69.

Oshkosh Trading Up 0.7%

NYSE OSK traded up $0.86 during trading on Thursday, hitting $126.34. The stock had a trading volume of 111,069 shares, compared to its average volume of 781,138. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $130.43. The firm has a 50 day moving average price of $114.83 and a 200 day moving average price of $102.66. The company has a market capitalization of $8.13 billion, a PE ratio of 13.49, a PEG ratio of 2.03 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.10). The company had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.42 billion. Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.89 earnings per share. As a group, equities research analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Company 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.