Quantitative Systematic Strategies LLC increased its stake in shares of Oshkosh Co. (NYSE:OSK) by 86.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 9,585 shares of the company’s stock after acquiring an additional 4,453 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Oshkosh were worth $741,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of Oshkosh during the 4th quarter worth approximately $130,000. Pitcairn Co. bought a new stake in shares of Oshkosh during the fourth quarter worth $202,000. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Oshkosh during the fourth quarter worth $203,000. Rothschild Investment Corp IL bought a new stake in shares of Oshkosh during the fourth quarter worth $218,000. Finally, Essex Financial Services Inc. bought a new stake in shares of Oshkosh during the fourth quarter worth $218,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have issued reports on OSK shares. ValuEngine upgraded Oshkosh from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus upped their target price on Oshkosh from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, January 26th. KeyCorp restated a “buy” rating and issued a $104.00 price objective on shares of Oshkosh in a research note on Friday, January 26th. SunTrust Banks reaffirmed a “buy” rating on shares of Oshkosh in a research report on Friday, January 26th. Finally, Deutsche Bank raised Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Monday, March 19th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $93.23.
Shares of Oshkosh opened at $77.20 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.81 and a quick ratio of 1.05. Oshkosh Co. has a 1-year low of $62.68 and a 1-year high of $100.26. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 0.73 and a beta of 1.60.
Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, April 26th. The company reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.46. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.74 billion. Oshkosh had a return on equity of 18.63% and a net margin of 5.21%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS. sell-side analysts forecast that Oshkosh Co. will post 5.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 29th. Shareholders of record on Monday, May 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, May 11th. This represents a $0.96 dividend on an annualized basis and a yield of 1.24%. Oshkosh’s dividend payout ratio (DPR) is currently 22.59%.
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.
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