AlphaCrest Capital Management LLC lessened its position in Oshkosh Co. (NYSE:OSK – Get Rating) by 52.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,906 shares of the company's stock after selling 8,571 shares during the period. AlphaCrest Capital Management LLC's holdings in Oshkosh were worth $556,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. New Century Advisors LLC lifted its stake in shares of Oshkosh by 137.2% in the third quarter. New Century Advisors LLC now owns 351 shares of the company's stock valued at $25,000 after purchasing an additional 203 shares during the period. SeaCrest Wealth Management LLC acquired a new position in Oshkosh during the second quarter worth about $26,000. Valley National Advisers Inc. raised its position in Oshkosh by 89.6% during the third quarter. Valley National Advisers Inc. now owns 400 shares of the company's stock worth $32,000 after acquiring an additional 189 shares during the last quarter. Tsfg LLC raised its position in Oshkosh by 2,616.0% during the third quarter. Tsfg LLC now owns 679 shares of the company's stock worth $48,000 after acquiring an additional 654 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its position in Oshkosh by 41.8% during the second quarter. Eagle Bay Advisors LLC now owns 682 shares of the company's stock worth $56,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.
Get Oshkosh alerts:Insider Buying and Selling at Oshkosh
In other Oshkosh news, SVP Jason P. Baab sold 1,000 shares of Oshkosh stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $89.00, for a total transaction of $89,000.00. Following the transaction, the senior vice president now directly owns 1,352 shares of the company's stock, valued at $120,328. The sale was disclosed in a filing with the SEC, which is available at this link. 0.64% of the stock is currently owned by corporate insiders.
Oshkosh Price Performance
Oshkosh stock opened at $86.73 on Friday. Oshkosh Co. has a 1 year low of $69.30 and a 1 year high of $111.18. The firm has a 50 day moving average price of $94.04 and a 200 day moving average price of $87.12. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 35.84, a PEG ratio of 0.44 and a beta of 1.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.87.
Oshkosh (NYSE:OSK – Get Rating) last released its earnings results on Tuesday, January 31st. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.73 by ($0.13). The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.18 billion. Oshkosh had a net margin of 1.92% and a return on equity of 7.18%. Oshkosh's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Sell-side analysts predict that Oshkosh Co. will post 5.53 earnings per share for the current year.
Oshkosh Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 2nd. Shareholders of record on Thursday, February 16th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.89%. This is a boost from Oshkosh's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Wednesday, February 15th. Oshkosh's payout ratio is 67.77%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on OSK. Credit Suisse Group lifted their target price on shares of Oshkosh from $105.00 to $113.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 1st. StockNews.com upgraded shares of Oshkosh from a "hold" rating to a "buy" rating in a research report on Wednesday, February 1st. Robert W. Baird lifted their target price on shares of Oshkosh from $93.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 1st. Wells Fargo & Company lifted their price target on shares of Oshkosh from $93.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 1st. Finally, Morgan Stanley lifted their price target on shares of Oshkosh from $98.00 to $114.00 and gave the stock an "overweight" rating in a report on Wednesday, December 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $102.71.
About Oshkosh
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Oshkosh Corp. engages in the design, manufacture, and marketing of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment consists of JerrDan and JLG, which manufactures aerial work platforms and telehandlers that are used in construction, industrial, institutional, and general maintenance applications to position workers and materials at elevated heights.
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