Thoroughbred Financial Services LLC Invests $341,000 in Oshkosh Co. (NYSE:OSK)

Thoroughbred Financial Services LLC bought a new position in shares of Oshkosh Co. (NYSE:OSK) during the fourth quarter, HoldingsChannel reports. The fund bought 3,149 shares of the company’s stock, valued at approximately $341,000.

A number of other hedge funds have also modified their holdings of the business. Greenhaven Associates Inc. boosted its holdings in Oshkosh by 0.5% during the fourth quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock worth $267,750,000 after buying an additional 11,100 shares in the last quarter. LSV Asset Management lifted its holdings in Oshkosh by 410.6% in the 4th quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock valued at $200,384,000 after purchasing an additional 1,486,402 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Oshkosh by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company’s stock worth $189,473,000 after purchasing an additional 122,786 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Oshkosh by 2.0% during the third quarter. Invesco Ltd. now owns 857,911 shares of the company’s stock worth $81,870,000 after buying an additional 16,919 shares in the last quarter. Finally, Norges Bank acquired a new position in Oshkosh in the 4th quarter valued at $83,524,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Trading Down 1.7 %

Oshkosh stock opened at $116.44 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $119.81 and a two-hundred day moving average price of $110.49. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 1.26 and a beta of 1.30. Oshkosh Co. has a 52-week low of $72.47 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm earned $1.59 EPS. Oshkosh’s revenue was up 12.2% on a year-over-year basis. Sell-side analysts expect that Oshkosh Co. will post 11.05 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.58%. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. TheStreet upgraded Oshkosh from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Citigroup lifted their price target on shares of Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. DA Davidson raised shares of Oshkosh from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $122.00 to $130.00 in a report on Friday, March 1st. StockNews.com lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $125.50.

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.