XTX Topco Ltd Makes New Investment in Oshkosh Corporation (NYSE:OSK)

Key Points

• XTX Topco Ltd has acquired 3,806 shares of Oshkosh Corporation, with the investment valued at approximately $358,000.
• Oshkosh has received various price target upgrades from analysts, with Evercore ISI raising its target from $137.00 to $147.00 and Robert W. Baird from $169.00 to $188.00.
• The company declared a quarterly dividend of $0.51 per share, resulting in an annualized dividend yield of 1.5% and a payout ratio of 20.48%.

XTX Topco Ltd bought 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. The institutional investor bought 3,806 shares of the company's stock, valued at approximately $358,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its holdings in Oshkosh by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 149,716 shares of the company's stock valued at $14,085,000 after acquiring an additional 553 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Oshkosh during the first quarter worth $263,000. DAVENPORT & Co LLC lifted its position in shares of Oshkosh by 5.6% during the first quarter. DAVENPORT & Co LLC now owns 6,040 shares of the company's stock worth $568,000 after purchasing an additional 319 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Oshkosh by 17.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,577 shares of the company's stock worth $713,000 after purchasing an additional 1,146 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Oshkosh by 20.1% during the first quarter. Teacher Retirement System of Texas now owns 25,137 shares of the company's stock worth $2,365,000 after purchasing an additional 4,203 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on OSK shares. Evercore ISI boosted their target price on shares of Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Citigroup reaffirmed a "buy" rating and issued a $130.00 price target (up from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. The Goldman Sachs Group raised shares of Oshkosh from a "neutral" rating to a "buy" rating and upped their price target for the company from $124.00 to $131.00 in a report on Tuesday, July 1st. Robert W. Baird upped their price target on shares of Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Finally, Morgan Stanley cut their price target on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $133.08.

Oshkosh Stock Down 0.6%

Shares of NYSE:OSK opened at $134.37 on Friday. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.69 and a beta of 1.43. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $139.95. The company's fifty day moving average is $119.73 and its two-hundred day moving average is $104.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84.

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

Oshkosh Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, August 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. Oshkosh's dividend payout ratio is currently 20.48%.

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.

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