Point72 Asia Singapore Pte. Ltd. Takes Position in Oshkosh Co. (NYSE:OSK)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Oshkosh Co. (NYSE:OSK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,216 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Atlas Capital Advisors LLC increased its stake in shares of Oshkosh by 161.6% in the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after buying an additional 139 shares during the period. Headlands Technologies LLC bought a new position in shares of Oshkosh during the first quarter valued at $31,000. Rise Advisors LLC lifted its holdings in shares of Oshkosh by 215.5% during the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after purchasing an additional 181 shares during the period. Bessemer Group Inc. grew its stake in shares of Oshkosh by 280.6% in the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after purchasing an additional 289 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Oshkosh by 5,563.6% in the second quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock valued at $67,000 after purchasing an additional 612 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Performance

OSK opened at $98.42 on Wednesday. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.98 and a beta of 1.19. The company’s fifty day moving average price is $103.14 and its two-hundred day moving average price is $110.53. Oshkosh Co. has a 1-year low of $86.10 and a 1-year high of $127.98. 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 announced its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.34. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.69 EPS. On average, analysts expect that Oshkosh Co. will post 11.62 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared 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. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, August 16th. Oshkosh’s payout ratio is currently 17.61%.

Analysts Set New Price Targets

OSK has been the topic of a number of analyst reports. Jefferies Financial Group reduced their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Truist Financial increased their target price on shares of Oshkosh from $123.00 to $126.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Citigroup assumed coverage on shares of Oshkosh in a report on Wednesday, June 26th. They set a “buy” rating and a $130.00 price target for the company. JPMorgan Chase & Co. reduced their price objective 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. Finally, Evercore ISI lowered their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Oshkosh has a consensus rating of “Hold” and a consensus price target of $125.79.

Oshkosh Profile

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.