Atlantic Investment Management Inc. lifted its stake in Oshkosh Corporation (NYSE:OSK – Free Report) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,600 shares of the company’s stock after buying an additional 5,500 shares during the period. Oshkosh makes up 10.9% of Atlantic Investment Management Inc.’s investment portfolio, making the stock its 5th largest holding. Atlantic Investment Management Inc. owned about 0.24% of Oshkosh worth $19,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of OSK. Torren Management LLC purchased a new position in shares of Oshkosh in the 4th quarter valued at $30,000. V Square Quantitative Management LLC acquired a new stake in Oshkosh during the 4th quarter worth $44,000. Lodestone Wealth Management LLC acquired a new stake in Oshkosh during the 4th quarter worth $47,000. Global Retirement Partners LLC boosted its stake in Oshkosh by 284.9% during the 4th quarter. Global Retirement Partners LLC now owns 408 shares of the company’s stock worth $51,000 after purchasing an additional 302 shares during the period. Finally, Basepoint Wealth LLC acquired a new stake in Oshkosh during the 4th quarter worth $51,000. 92.36% of the stock is owned by hedge funds and other institutional investors.
Oshkosh Stock Performance
Shares of NYSE OSK opened at $137.83 on Thursday. The company has a market cap of $8.59 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. Oshkosh Corporation has a 12 month low of $106.37 and a 12 month high of $180.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.83. The company has a 50-day simple moving average of $138.85 and a 200-day simple moving average of $144.99.
Oshkosh Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, May 26th. Oshkosh’s payout ratio is presently 25.39%.
Insider Transactions at Oshkosh
In related news, Director Duncan Palmer sold 505 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the completion of the sale, the director directly owned 39,684 shares in the company, valued at approximately $5,312,100.24. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on OSK shares. Robert W. Baird decreased their price target on shares of Oshkosh from $175.00 to $172.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. JPMorgan Chase & Co. reduced their target price on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Wells Fargo & Company raised their target price on shares of Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Sanford C. Bernstein set a $138.00 price target on shares of Oshkosh in a report on Thursday, April 9th. Finally, Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.38.
View Our Latest Research Report on OSK
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.
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