Louisiana State Employees Retirement System Purchases New Shares in Oshkosh Co. (NYSE:OSK)

Louisiana State Employees Retirement System purchased a new stake in shares of Oshkosh Co. (NYSE:OSK) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,400 shares of the company’s stock, valued at approximately $1,995,000.

Several other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC bought a new stake in shares of Oshkosh during the fourth quarter valued at approximately $318,000. GHP Investment Advisors Inc. boosted its position in shares of Oshkosh by 10.7% during the fourth quarter. GHP Investment Advisors Inc. now owns 22,278 shares of the company’s stock valued at $2,415,000 after purchasing an additional 2,148 shares in the last quarter. Eastern Bank boosted its position in shares of Oshkosh by 0.6% during the fourth quarter. Eastern Bank now owns 104,639 shares of the company’s stock valued at $11,344,000 after purchasing an additional 609 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Oshkosh by 10,744.4% during the fourth quarter. International Assets Investment Management LLC now owns 976 shares of the company’s stock valued at $106,000 after purchasing an additional 967 shares in the last quarter. Finally, Tritonpoint Wealth LLC bought a new stake in shares of Oshkosh during the fourth quarter valued at approximately $602,000. 92.36% of the stock is currently owned by institutional investors.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the sale, the senior vice president now owns 13,499 shares in the company, valued at $1,503,518.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is owned by company insiders.

Oshkosh Stock Down 1.2 %

Oshkosh stock opened at $118.62 on Thursday. The stock has a market cap of $7.78 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 1.53 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.45. Oshkosh Co. has a one year low of $72.09 and a one year high of $127.98. The stock has a fifty day moving average of $116.37 and a 200 day moving average of $105.89.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. Oshkosh’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 earnings per share. As a group, sell-side analysts predict that Oshkosh Co. will post 10.33 EPS for the current year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Wednesday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. Oshkosh’s dividend payout ratio is 20.26%.

Analysts Set New Price Targets

OSK has been the topic of several analyst reports. TheStreet raised Oshkosh from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. boosted their target price on Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Tuesday. Evercore ISI boosted their target price on Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Citigroup boosted their target price on Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, StockNews.com raised Oshkosh from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.25.

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.