Oshkosh Co. (NYSE:OSK) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its stake in Oshkosh Co. (NYSE:OSK) by 13.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 396,953 shares of the company’s stock after purchasing an additional 46,649 shares during the period. Sei Investments Co. owned about 0.61% of Oshkosh worth $42,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OSK. Franklin Resources Inc. raised its holdings in shares of Oshkosh by 408.8% in the 4th quarter. Franklin Resources Inc. now owns 64,407 shares of the company’s stock valued at $6,982,000 after buying an additional 51,748 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Oshkosh during the second quarter worth about $1,500,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Oshkosh in the first quarter valued at approximately $1,507,000. M&G Plc acquired a new stake in Oshkosh during the 1st quarter worth approximately $15,102,000. Finally, Cetera Investment Advisers grew its stake in shares of Oshkosh by 772.9% in the first quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock worth $3,418,000 after acquiring an additional 24,269 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Raymond James assumed coverage on Oshkosh in a research note on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective on the stock. Jefferies Financial Group decreased their target price on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Citigroup assumed coverage on shares of Oshkosh in a research report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 price target for the company. Bank of America lifted their price objective on shares of Oshkosh from $108.00 to $112.00 and gave the company an “underperform” rating in a research note on Tuesday, May 28th. Finally, Evercore ISI decreased their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $125.79.

Oshkosh Stock Down 1.9 %

Shares of Oshkosh stock opened at $100.55 on Monday. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 9.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.19. Oshkosh Co. has a twelve month low of $86.10 and a twelve month high of $127.98. The company has a fifty day moving average price of $104.56 and a 200 day moving average price of $111.25. The company has a current ratio of 1.44, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.34. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.69 EPS. Equities research analysts forecast that Oshkosh Co. will post 11.7 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Friday, August 16th. Oshkosh’s payout ratio is 17.61%.

Oshkosh Company 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.