Voleon Capital Management LP Purchases Shares of 8,303 Oshkosh Co. (NYSE:OSK)

Voleon Capital Management LP purchased a new position in Oshkosh Co. (NYSE:OSK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,303 shares of the company's stock, valued at approximately $789,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Oshkosh in the fourth quarter valued at approximately $3,894,000. Northern Trust Corp grew its holdings in Oshkosh by 22.2% in the 4th quarter. Northern Trust Corp now owns 655,564 shares of the company's stock valued at $62,324,000 after buying an additional 119,259 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in shares of Oshkosh by 44.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 87,049 shares of the company's stock worth $8,276,000 after acquiring an additional 26,910 shares during the last quarter. Oxford Asset Management LLP increased its position in Oshkosh by 62.8% during the fourth quarter. Oxford Asset Management LLP now owns 4,382 shares of the company's stock worth $417,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Oshkosh in the 4th quarter valued at approximately $431,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

OSK has been the subject of several recent analyst reports. Morgan Stanley cut their target price on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Truist Financial decreased their target price on shares of Oshkosh from $94.00 to $93.00 and set a "hold" rating on the stock in a research report on Thursday, May 1st. UBS Group reduced their price target on shares of Oshkosh from $137.00 to $97.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Robert W. Baird dropped their target price on shares of Oshkosh from $163.00 to $135.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. decreased their price target on Oshkosh from $100.00 to $92.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $112.64.

Oshkosh Stock Performance

Shares of OSK traded up $0.77 during midday trading on Wednesday, reaching $89.03. 94,055 shares of the stock were exchanged, compared to its average volume of 610,778. Oshkosh Co. has a twelve month low of $76.82 and a twelve month high of $123.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 1.45 and a beta of 1.37. The business's 50-day moving average price is $90.93 and its 200 day moving average price is $99.23.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.10). The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The business's revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.89 EPS. On average, sell-side analysts expect that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.29%. Oshkosh's payout ratio is 21.79%.

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.