Marshall Wace LLP Takes Position in Oshkosh Co. (NYSE:OSK)

Marshall Wace LLP bought a new stake in Oshkosh Co. (NYSE:OSK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,600 shares of the company’s stock, valued at approximately $281,000.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Oshkosh by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock valued at $978,797,000 after acquiring an additional 718,122 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Oshkosh by 19.6% in the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after acquiring an additional 235,496 shares during the last quarter. M&G Plc bought a new position in shares of Oshkosh in the 1st quarter valued at $15,102,000. Renaissance Technologies LLC bought a new position in Oshkosh during the 2nd quarter worth $11,368,000. Finally, LSV Asset Management raised its position in Oshkosh by 5.5% during the 1st quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock worth $243,274,000 after purchasing an additional 102,330 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Trading Up 4.3 %

NYSE OSK opened at $103.96 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. The firm has a market cap of $6.77 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.96 and a beta of 1.19. The company has a 50 day moving average price of $101.61 and a 200 day moving average price of $109.63. Oshkosh Co. has a 52 week low of $86.10 and a 52 week high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.69 earnings per share. As a group, sell-side analysts forecast that Oshkosh Co. will post 11.62 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.77%. The ex-dividend date was Friday, August 16th. Oshkosh’s payout ratio is currently 17.79%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Citigroup assumed coverage on Oshkosh in a research report on Wednesday, June 26th. They set a “buy” rating and a $130.00 target price for the company. Evercore ISI decreased their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Truist Financial decreased their price target on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday. Jefferies Financial Group decreased their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Finally, JPMorgan Chase & Co. decreased their price target on Oshkosh from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus price target of $124.93.

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.