Pallas Capital Advisors LLC Acquires Shares of 10,288 Oshkosh Co. (NYSE:OSK)

Pallas Capital Advisors LLC purchased a new position in shares of Oshkosh Co. (NYSE:OSK) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,288 shares of the company’s stock, valued at approximately $968,000.

Other hedge funds also recently modified their holdings of the company. Semanteon Capital Management LP increased its stake in shares of Oshkosh by 29.1% during the 4th quarter. Semanteon Capital Management LP now owns 14,820 shares of the company’s stock worth $1,409,000 after purchasing an additional 3,342 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Oshkosh by 181.7% during the 4th quarter. State of Alaska Department of Revenue now owns 21,420 shares of the company’s stock worth $2,035,000 after purchasing an additional 13,815 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Oshkosh by 9.7% during the 4th quarter. Advisors Asset Management Inc. now owns 54,968 shares of the company’s stock worth $5,226,000 after purchasing an additional 4,846 shares during the last quarter. Norges Bank acquired a new position in shares of Oshkosh during the 4th quarter worth $72,692,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Oshkosh during the 4th quarter worth $3,860,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Morgan Stanley dropped their price target on shares of Oshkosh from $110.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Citigroup reaffirmed an “underperform” rating on shares of Oshkosh in a report on Friday. DA Davidson decreased their price objective on shares of Oshkosh from $120.00 to $111.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Evercore ISI upped their price objective on shares of Oshkosh from $137.00 to $147.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. Finally, The Goldman Sachs Group decreased their price objective on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $120.29.

Oshkosh Price Performance

NYSE:OSK opened at $111.38 on Wednesday. The company has a 50-day moving average of $93.07 and a 200-day moving average of $97.93. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 1.45 and a beta of 1.41. Oshkosh Co. has a 52 week low of $76.82 and a 52 week high of $118.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Oshkosh’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.89 earnings per share. As a group, equities research analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.83%. The ex-dividend date was Friday, May 16th. Oshkosh’s dividend payout ratio is currently 21.79%.

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.