Choreo LLC Invests $321,000 in Oshkosh Co. (NYSE:OSK)

Choreo LLC purchased a new stake in Oshkosh Co. (NYSE:OSK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,020 shares of the company’s stock, valued at approximately $321,000.

A number of other institutional investors also recently modified their holdings of the business. Atlas Capital Advisors LLC raised its holdings in Oshkosh by 161.6% during 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 period. Headlands Technologies LLC bought a new stake in shares of Oshkosh during the 1st quarter valued at $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 purchasing an additional 181 shares in the last quarter. Bessemer Group Inc. boosted its stake in Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after purchasing an additional 289 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Oshkosh by 5,563.6% during the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock valued at $67,000 after buying an additional 612 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on OSK. Jefferies Financial Group cut their price objective on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Truist Financial boosted their price target 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. JPMorgan Chase & Co. lowered their price objective on Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Evercore ISI dropped their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Finally, Citigroup started coverage on Oshkosh in a research note on Wednesday, June 26th. They issued a “buy” rating and a $130.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $125.79.

Oshkosh Trading Up 2.3 %

OSK stock opened at $104.12 on Wednesday. The company has a market capitalization of $6.81 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 0.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. Oshkosh Co. has a one year low of $86.10 and a one year high of $127.98. The company’s 50 day moving average price is $104.72 and its two-hundred day moving average price is $111.47.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter last year, the company earned $2.69 EPS. The firm’s revenue was up 18.0% compared to the same quarter last year. As a group, analysts predict that Oshkosh Co. will post 11.66 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given 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 1.77%. Oshkosh’s payout ratio is currently 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.