Intech Investment Management LLC Acquires 6,203 Shares of Oshkosh Corporation $OSK

Intech Investment Management LLC lifted its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 52.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,918 shares of the company’s stock after purchasing an additional 6,203 shares during the quarter. Intech Investment Management LLC’s holdings in Oshkosh were worth $2,324,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OSK. Harbor Capital Advisors Inc. bought a new position in Oshkosh during the third quarter valued at about $26,000. Blue Trust Inc. boosted its stake in shares of Oshkosh by 471.1% during the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after acquiring an additional 179 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of Oshkosh by 3,014.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after acquiring an additional 211 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Oshkosh in the 3rd quarter valued at approximately $29,000. Finally, Quent Capital LLC acquired a new stake in Oshkosh in the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the completion of the transaction, the senior vice president owned 13,577 shares in the company, valued at approximately $2,295,463.39. This represents a 22.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by company insiders.

Oshkosh Stock Down 2.4%

NYSE OSK opened at $168.09 on Wednesday. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $180.49. The stock has a market cap of $10.51 billion, a PE ratio of 16.78, a PEG ratio of 0.87 and a beta of 1.37. The firm has a 50-day simple moving average of $155.03 and a 200 day simple moving average of $139.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the firm earned $2.58 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. On average, research analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.57 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, February 17th. Oshkosh’s dividend payout ratio is presently 22.75%.

Analyst Ratings Changes

Several brokerages have commented on OSK. Raymond James Financial reiterated an “outperform” rating and set a $175.00 price target on shares of Oshkosh in a report on Monday. Bank of America upgraded shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 target price on the stock in a research note on Tuesday, February 3rd. Truist Financial set a $183.00 target price on shares of Oshkosh in a research report on Friday, January 30th. Wells Fargo & Company upped their price target on shares of Oshkosh from $168.00 to $204.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Finally, Citigroup dropped their price objective on Oshkosh from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.81.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.