Brinker Capital Investments LLC Boosts Stock Holdings in Oshkosh Co. (NYSE:OSK)

Brinker Capital Investments LLC boosted its stake in shares of Oshkosh Co. (NYSE:OSK – Get Rating) by 12.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,907 shares of the company’s stock after buying an additional 1,468 shares during the period. Brinker Capital Investments LLC’s holdings in Oshkosh were worth $907,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OSK. Private Advisor Group LLC purchased a new position in Oshkosh during the first quarter valued at $404,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Oshkosh by 5.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,410 shares of the company’s stock valued at $2,457,000 after acquiring an additional 1,322 shares in the last quarter. Cetera Investment Advisers purchased a new position in Oshkosh during the first quarter valued at $222,000. Ergoteles LLC purchased a new position in shares of Oshkosh in the 1st quarter worth $567,000. Finally, Pearl River Capital LLC grew its stake in shares of Oshkosh by 74.4% in the 1st quarter. Pearl River Capital LLC now owns 4,457 shares of the company’s stock worth $449,000 after buying an additional 1,902 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Trading Up 2.9 %

Shares of OSK opened at $94.53 on Monday. Oshkosh Co. has a 1-year low of $69.30 and a 1-year high of $121.70. The company has a 50-day moving average of $90.15 and a 200 day moving average of $84.59. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 69.00, a PEG ratio of 0.82 and a beta of 1.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.81 and a quick ratio of 1.08.

Oshkosh (NYSE:OSK – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.15). Oshkosh had a net margin of 1.15% and a return on equity of 3.95%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.15 billion. On average, research analysts expect that Oshkosh Co. will post 3.46 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 28th. Stockholders of record on Monday, November 14th were issued a $0.37 dividend. The ex-dividend date was Thursday, November 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. Oshkosh’s dividend payout ratio is currently 108.03%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Oshkosh from $95.00 to $103.00 in a research note on Monday, December 5th. Credit Suisse Group lifted their price objective on shares of Oshkosh from $95.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, October 28th. JPMorgan Chase & Co. lifted their price objective on shares of Oshkosh from $82.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, October 28th. The Goldman Sachs Group lifted their price objective on shares of Oshkosh from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, December 15th. Finally, Wells Fargo & Company lifted their price target on shares of Oshkosh from $90.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $101.29.

About Oshkosh

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Oshkosh Corp. engages in the design, manufacture, and marketing of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment consists of JerrDan and JLG, which manufactures aerial work platforms and telehandlers that are used in construction, industrial, institutional, and general maintenance applications to position workers and materials at elevated heights.