Renaissance Technologies LLC Invests $11.37 Million in Oshkosh Co. (NYSE:OSK)

Renaissance Technologies LLC purchased a new position in shares of Oshkosh Co. (NYSE:OSK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 105,063 shares of the company’s stock, valued at approximately $11,368,000. Renaissance Technologies LLC owned 0.16% of Oshkosh as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OSK. Valley National Advisers Inc. grew its stake in Oshkosh by 18.2% in the 1st quarter. Valley National Advisers Inc. now owns 623 shares of the company’s stock valued at $77,000 after acquiring an additional 96 shares during the last quarter. US Bancorp DE grew its stake in Oshkosh by 3.0% in the 1st quarter. US Bancorp DE now owns 4,522 shares of the company’s stock valued at $564,000 after acquiring an additional 132 shares during the last quarter. Atlas Capital Advisors LLC grew its stake in Oshkosh by 161.6% in the 1st 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. GAMMA Investing LLC grew its stake in Oshkosh by 26.2% in the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after acquiring an additional 152 shares during the last quarter. Finally, NorthRock Partners LLC grew its stake in Oshkosh by 6.0% in the 1st quarter. NorthRock Partners LLC now owns 2,735 shares of the company’s stock valued at $341,000 after acquiring an additional 155 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Trading Up 1.0 %

Shares of OSK stock opened at $101.58 on Tuesday. Oshkosh Co. has a 1-year low of $86.10 and a 1-year high of $127.98. The firm’s 50-day simple moving average is $104.40 and its 200-day simple moving average is $111.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. The firm has a market cap of $6.64 billion, a P/E ratio of 9.72, a PEG ratio of 0.97 and a beta of 1.19.

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

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.84 annualized dividend and a yield of 1.81%. Oshkosh’s payout ratio is 17.61%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on OSK shares. Evercore ISI lowered their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. decreased their price target on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Truist Financial raised their price target on shares of Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Raymond James initiated coverage on shares of Oshkosh in a research note on Friday, June 28th. They set an “outperform” rating and a $125.00 price target on the stock. Finally, Bank of America raised their price target on shares of Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh currently has a consensus rating of “Hold” and an average target price of $125.79.

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.