Verition Fund Management LLC Invests $786,000 in Oshkosh Co. (NYSE:OSK)

Verition Fund Management LLC acquired a new stake in shares of Oshkosh Co. (NYSE:OSKGet Rating) during the first quarter, Holdings Channel reports. The firm acquired 7,805 shares of the company’s stock, valued at approximately $786,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Icon Advisers Inc. Co. lifted its holdings in Oshkosh by 41.7% in the 1st quarter. Icon Advisers Inc. Co. now owns 34,000 shares of the company’s stock valued at $3,422,000 after acquiring an additional 10,000 shares during the last quarter. First National Bank of Omaha boosted its holdings in Oshkosh by 41.4% during the first quarter. First National Bank of Omaha now owns 15,025 shares of the company’s stock worth $1,512,000 after buying an additional 4,400 shares in the last quarter. Sawtooth Solutions LLC acquired a new position in Oshkosh in the first quarter worth approximately $245,000. BNP Paribas Arbitrage SA increased its holdings in shares of Oshkosh by 13.9% in the first quarter. BNP Paribas Arbitrage SA now owns 17,491 shares of the company’s stock valued at $1,760,000 after buying an additional 2,135 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Oshkosh during the 1st quarter valued at $446,000. Institutional investors own 91.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OSK. Credit Suisse Group set a $97.00 target price on Oshkosh in a research report on Tuesday, July 19th. UBS Group decreased their target price on shares of Oshkosh from $125.00 to $114.00 and set a “buy” rating for the company in a report on Tuesday, August 2nd. Morgan Stanley cut their price target on shares of Oshkosh from $111.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, August 1st. TheStreet lowered shares of Oshkosh from a “b-” rating to a “c+” rating in a research note on Friday, July 1st. Finally, Argus initiated coverage on shares of Oshkosh in a research note on Tuesday, July 26th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh currently has an average rating of “Hold” and a consensus target price of $105.21.

Oshkosh Stock Down 2.7 %

OSK opened at $73.83 on Friday. The company has a market capitalization of $4.83 billion, a PE ratio of 41.71, a price-to-earnings-growth ratio of 1.04 and a beta of 1.33. The business has a 50-day moving average of $82.61 and a 200-day moving average of $89.87. Oshkosh Co. has a fifty-two week low of $73.77 and a fifty-two week high of $125.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.73 and a quick ratio of 1.06.

Oshkosh (NYSE:OSKGet Rating) last posted its earnings results on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.53). Oshkosh had a net margin of 1.53% and a return on equity of 4.02%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the firm earned $2.09 earnings per share. Oshkosh’s revenue was down 6.5% compared to the same quarter last year. Equities research analysts forecast that Oshkosh Co. will post 3.46 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Monday, August 15th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, August 12th. This represents a $1.48 annualized dividend and a yield of 2.00%. Oshkosh’s dividend payout ratio (DPR) is currently 83.62%.

About Oshkosh

(Get Rating)

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

Recommended Stories

Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Co. (NYSE:OSKGet Rating).

Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

Receive News & Ratings for Oshkosh Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh and related companies with MarketBeat.com's FREE daily email newsletter.