Simon Quick Advisors LLC Acquires Shares of 2,808 Oshkosh Co. (NYSE:OSK)

Simon Quick Advisors LLC acquired a new stake in shares of Oshkosh Co. (NYSE:OSK) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,808 shares of the company’s stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of OSK. Norges Bank acquired a new stake in shares of Oshkosh during the 4th quarter worth approximately $72,692,000. American Century Companies Inc. raised its position in shares of Oshkosh by 23.3% during the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock worth $193,031,000 after purchasing an additional 384,141 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Oshkosh during the 4th quarter worth approximately $25,968,000. Atlantic Investment Management Inc. acquired a new stake in shares of Oshkosh during the 4th quarter worth approximately $21,866,000. Finally, Balyasny Asset Management L.P. raised its position in shares of Oshkosh by 84.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 462,034 shares of the company’s stock worth $43,926,000 after purchasing an additional 211,244 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OSK shares. KeyCorp dropped their price target on Oshkosh from $132.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. UBS Group increased their price target on Oshkosh from $99.00 to $119.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Robert W. Baird raised their target price on Oshkosh from $135.00 to $169.00 and gave the company an “outperform” rating in a research report on Friday, June 6th. JPMorgan Chase & Co. raised their target price on Oshkosh from $92.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday, June 6th. Finally, Morgan Stanley lowered their target price on Oshkosh from $110.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $120.29.

Oshkosh Stock Performance

Shares of NYSE OSK opened at $110.87 on Monday. The stock has a fifty day moving average price of $94.86 and a two-hundred day moving average price of $97.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The firm has a market cap of $7.14 billion, a P/E ratio of 10.71, a PEG ratio of 1.45 and a beta of 1.41. Oshkosh Co. has a 1 year low of $76.82 and a 1 year high of $118.39.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.89 earnings per share. Research analysts forecast that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Friday, May 16th. Oshkosh’s payout ratio is currently 21.79%.

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.