Edgestream Partners L.P. Acquires New Shares in Oshkosh Co. (NYSE:OSK)

Edgestream Partners L.P. acquired a new stake in Oshkosh Co. (NYSE:OSK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,457 shares of the company’s stock, valued at approximately $915,000.

A number of other large investors have also added to or reduced their stakes in OSK. Atlas Capital Advisors LLC raised its stake in shares of Oshkosh by 161.6% during the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after acquiring an additional 139 shares during the last quarter. Headlands Technologies LLC bought a new position in Oshkosh during the 1st quarter worth $31,000. Rise Advisors LLC lifted its holdings in Oshkosh by 215.5% during the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after buying an additional 181 shares during the period. Bessemer Group Inc. grew its position in shares of Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after buying an additional 289 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Oshkosh by 51.3% in the 1st quarter. GAMMA Investing LLC now owns 581 shares of the company’s stock valued at $72,000 after buying an additional 197 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on OSK shares. Truist Financial upped their target price on Oshkosh from $123.00 to $126.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Raymond James started coverage on shares of Oshkosh in a research report on Friday, June 28th. They set an “outperform” rating and a $125.00 price objective for the company. Citigroup began coverage on shares of Oshkosh in a report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 target price on the stock. Stifel Nicolaus decreased their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. dropped their price objective on Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $125.79.

Oshkosh Stock Performance

OSK opened at $100.55 on Friday. Oshkosh Co. has a 1-year low of $86.10 and a 1-year high of $127.98. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 0.97 and a beta of 1.19. The company’s fifty day moving average price is $104.56 and its two-hundred day moving average price is $111.26. The company has a current ratio of 1.44, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The firm’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.69 EPS. On average, analysts expect that Oshkosh Co. will post 11.7 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.46 per share. The ex-dividend date was Friday, August 16th. This represents a $1.84 annualized dividend and a dividend yield of 1.83%. Oshkosh’s payout ratio is 17.61%.

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.