AXQ Capital LP Purchases Shares of 7,820 Oshkosh Corporation $OSK

AXQ Capital LP purchased a new stake in Oshkosh Corporation (NYSE:OSK) during the third quarter, Holdings Channel reports. The firm purchased 7,820 shares of the company’s stock, valued at approximately $1,014,000.

Several other large investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in Oshkosh by 43.4% in the first quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock worth $21,180,000 after purchasing an additional 68,165 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Oshkosh by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock valued at $17,705,000 after purchasing an additional 14,122 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Oshkosh in the 1st quarter worth $567,000. Sivia Capital Partners LLC purchased a new position in Oshkosh during the 2nd quarter worth $325,000. Finally, Focus Partners Advisor Solutions LLC grew its stake in Oshkosh by 79.4% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 9,105 shares of the company’s stock worth $1,034,000 after buying an additional 4,031 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Up 0.8%

Shares of OSK stock opened at $176.90 on Tuesday. 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 $11.07 billion, a P/E ratio of 17.65, a P/E/G ratio of 0.89 and a beta of 1.43. The stock has a 50 day moving average of $149.89 and a 200 day moving average of $138.26. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.Oshkosh’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.58 EPS. As a group, sell-side analysts expect that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 dividend on an annualized basis and a yield of 1.3%. Oshkosh’s dividend payout ratio is presently 22.75%.

Analyst Ratings Changes

OSK has been the subject of several recent analyst reports. Zacks Research downgraded Oshkosh from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Sanford C. Bernstein lifted their target price on shares of Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, December 19th. UBS Group reissued a “buy” rating and set a $167.00 target price on shares of Oshkosh in a research report on Friday, January 30th. Truist Financial set a $183.00 price target on shares of Oshkosh in a research note on Friday, January 30th. Finally, KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a research note on Thursday, December 18th. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and an average price target of $159.60.

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.