Gotham Asset Management LLC Buys Shares of 7,510 Oshkosh Co. (NYSE:OSK)

Gotham Asset Management LLC purchased a new position in Oshkosh Co. (NYSE:OSK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,510 shares of the company’s stock, valued at approximately $714,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the period. Coppell Advisory Solutions LLC increased its stake in Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after buying an additional 110 shares during the period. Hager Investment Management Services LLC bought a new stake in Oshkosh during the 4th quarter valued at about $32,000. Proficio Capital Partners LLC purchased a new stake in Oshkosh in the 4th quarter valued at about $34,000. Finally, V Square Quantitative Management LLC grew its stake in Oshkosh by 64.1% in the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after acquiring an additional 157 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup reiterated a “buy” rating and issued a $105.00 price target (up previously from $95.00) on shares of Oshkosh in a report on Tuesday, May 6th. Truist Financial lowered their target price on Oshkosh from $94.00 to $93.00 and set a “hold” rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their price target on Oshkosh from $100.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. The Goldman Sachs Group lowered their price objective on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Finally, UBS Group raised their target price on shares of Oshkosh from $99.00 to $119.00 and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.21.

Oshkosh Price Performance

NYSE OSK opened at $102.13 on Monday. Oshkosh Co. has a 12-month low of $76.82 and a 12-month high of $119.05. The firm’s fifty day simple moving average is $90.77 and its two-hundred day simple moving average is $98.68. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $6.57 billion, a P/E ratio of 9.87, a P/E/G ratio of 1.45 and a beta of 1.37.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the firm earned $2.89 earnings per share. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. Analysts forecast that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh’s payout ratio is currently 21.79%.

About Oshkosh

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.