Private Advisor Group LLC Makes New Investment in Oshkosh Co. (NYSE:OSK)

Private Advisor Group LLC purchased a new stake in Oshkosh Co. (NYSE:OSKFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,186 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OSK. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Oshkosh by 5.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,410 shares of the company’s stock worth $2,457,000 after acquiring an additional 1,322 shares during the period. Cetera Investment Advisers purchased a new position in Oshkosh in the first quarter worth approximately $222,000. Ergoteles LLC purchased a new position in Oshkosh in the first quarter worth approximately $567,000. Pearl River Capital LLC grew its position in Oshkosh by 74.4% in the first quarter. Pearl River Capital LLC now owns 4,457 shares of the company’s stock worth $449,000 after acquiring an additional 1,902 shares during the period. Finally, Mariner LLC grew its position in Oshkosh by 2.2% in the first quarter. Mariner LLC now owns 284,104 shares of the company’s stock worth $28,596,000 after acquiring an additional 6,163 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

Oshkosh Stock Down 0.0 %

Oshkosh stock opened at $111.89 on Thursday. Oshkosh Co. has a 1-year low of $72.09 and a 1-year high of $115.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76. The stock has a market cap of $7.32 billion, a PE ratio of 12.32, a P/E/G ratio of 1.47 and a beta of 1.29. The stock’s fifty day moving average is $106.39 and its two-hundred day moving average is $99.93.

Oshkosh (NYSE:OSKGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the firm earned $1.60 earnings per share. Oshkosh’s quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts expect that Oshkosh Co. will post 10.31 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.64%. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. Oshkosh’s payout ratio is 20.26%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. TheStreet upgraded Oshkosh from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. StockNews.com upgraded Oshkosh from a “hold” rating to a “buy” rating in a research report on Sunday. JPMorgan Chase & Co. lowered their price target on Oshkosh from $110.00 to $104.00 and set a “neutral” rating for the company in a research report on Monday, October 16th. Morgan Stanley started coverage on Oshkosh in a research report on Monday, January 8th. They set an “equal weight” rating and a $102.00 price target for the company. Finally, Bank of America raised their price target on Oshkosh from $75.00 to $89.00 in a research report on Wednesday, October 11th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.88.

Read Our Latest Research Report on Oshkosh

Oshkosh Company Profile

(Free Report)

Oshkosh Corporation designs, manufacture, and markets specialty trucks and access equipment vehicles worldwide. 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.

Further Reading

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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