Ruffer LLP Takes $260,000 Position in Oshkosh Corporation (NYSE:OSK)

Key Points

• Ruffer LLP has made a new investment in Oshkosh Corporation, acquiring 2,759 shares valued at approximately $260,000 in the first quarter.
• Oshkosh reported $3.41 earnings per share for the last quarter, exceeding estimates and showing a net margin of 6.25% despite a year-over-year revenue decline.
• Institutional investors hold 92.36% of Oshkosh's stock, with several firms increasing their stakes, indicating strong institutional support for the company.

Ruffer LLP purchased a new position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,759 shares of the company's stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Synovus Financial Corp boosted its stake in Oshkosh by 0.4% in the fourth quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock valued at $2,886,000 after acquiring an additional 106 shares in the last quarter. Coppell Advisory Solutions LLC boosted its position in shares of 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 acquiring an additional 110 shares during the last quarter. Captrust Financial Advisors grew its stake in Oshkosh by 3.9% during the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock worth $310,000 after buying an additional 122 shares during the period. Parallel Advisors LLC boosted its holdings in Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after acquiring an additional 127 shares during the period. Finally, Capital Insight Partners LLC increased its stake in Oshkosh by 3.9% during the 1st quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock worth $433,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Stock Down 1.9%

Shares of Oshkosh stock traded down $2.71 on Wednesday, hitting $136.82. The company had a trading volume of 625,440 shares, compared to its average volume of 784,844. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $139.95. The stock has a 50-day moving average of $117.60 and a 200-day moving average of $103.82. The firm has a market capitalization of $8.76 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.72 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.98 by $0.43. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.34 earnings per share. Research analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, August 19th. Oshkosh's dividend payout ratio is 20.48%.

Analysts Set New Price Targets

OSK has been the topic of several analyst reports. KeyCorp dropped their target price on Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Evercore ISI lifted their price target on Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Robert W. Baird lifted their price objective on shares of Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a research report on Monday. Bank of America increased their price objective on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. Finally, Morgan Stanley dropped their price objective on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $133.08.

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.