GAMMA Investing LLC Invests $42,000 in Oshkosh Co. (NYSE:OSK)

GAMMA Investing LLC purchased a new stake in Oshkosh Co. (NYSE:OSK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 384 shares of the company’s stock, valued at approximately $42,000.

Several other institutional investors have also recently added to or reduced their stakes in OSK. Assenagon Asset Management S.A. raised its holdings in Oshkosh by 1,374.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock valued at $27,877,000 after acquiring an additional 239,707 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Oshkosh by 155.6% in the third quarter. Qube Research & Technologies Ltd now owns 335,603 shares of the company’s stock valued at $32,027,000 after acquiring an additional 204,278 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Oshkosh in the third quarter valued at $16,153,000. Panagora Asset Management Inc. raised its holdings in Oshkosh by 385.9% in the third quarter. Panagora Asset Management Inc. now owns 209,068 shares of the company’s stock valued at $19,951,000 after acquiring an additional 166,040 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Oshkosh by 58.0% in the third quarter. AQR Capital Management LLC now owns 430,806 shares of the company’s stock valued at $41,112,000 after acquiring an additional 158,115 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on OSK shares. Stifel Nicolaus increased their target price on shares of Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Wells Fargo & Company increased their target price on shares of Oshkosh from $114.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. The Goldman Sachs Group increased their target price on shares of Oshkosh from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. TheStreet upgraded shares of Oshkosh from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Finally, Morgan Stanley initiated coverage on shares of Oshkosh in a research report on Monday, January 8th. They set an “equal weight” rating and a $102.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.50.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $114.38 on Friday. The stock’s 50 day moving average price is $117.96 and its 200 day moving average price is $107.62. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.19 and a beta of 1.30. Oshkosh Co. has a 12 month low of $72.09 and a 12 month high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.63. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Equities research analysts anticipate that Oshkosh Co. will post 11.16 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.61%. Oshkosh’s payout ratio is currently 17.61%.

Insider Activity at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, the senior vice president now owns 13,499 shares in the company, valued at $1,503,518.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.64% of the company’s stock.

About Oshkosh

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.