Ruffer LLP Raises Position in Oshkosh Corporation $OSK

Ruffer LLP lifted its stake in Oshkosh Corporation (NYSE:OSK) by 57.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,982 shares of the company’s stock after buying an additional 10,991 shares during the period. Ruffer LLP’s holdings in Oshkosh were worth $3,772,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Oshkosh in the third quarter worth about $26,000. Blue Trust Inc. boosted its position in shares of Oshkosh by 471.1% in the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after buying an additional 179 shares during the period. SJS Investment Consulting Inc. boosted its position in shares of Oshkosh by 3,014.3% in the third quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after buying an additional 211 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of Oshkosh in the third quarter worth about $29,000. Finally, Quent Capital LLC purchased a new stake in shares of Oshkosh in the third quarter worth about $35,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Down 1.2%

NYSE:OSK opened at $149.99 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $155.91 and its two-hundred day moving average is $142.91. Oshkosh Corporation has a 52 week low of $81.88 and a 52 week high of $180.49. The company has a market cap of $9.40 billion, a PE ratio of 14.97, a P/E/G ratio of 0.78 and a beta of 1.39.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the prior year, the business earned $2.58 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Oshkosh Corporation will post 11.14 EPS for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio (DPR) is 22.75%.

Insider Buying and Selling

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the transaction, the senior vice president owned 13,577 shares of the company’s stock, valued at $2,295,463.39. This trade represents a 22.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

OSK has been the subject of several analyst reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Oshkosh in a research report on Monday, March 2nd. UBS Group upped their target price on Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Wall Street Zen raised Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Citigroup downgraded Oshkosh from a “buy” rating to a “neutral” rating and reduced their price target for the company from $180.00 to $170.00 in a report on Monday, April 13th. Finally, Robert W. Baird set a $182.00 price target on Oshkosh in a report on Friday, January 30th. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $165.56.

Oshkosh 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.