Louisiana State Employees Retirement System Sells 500 Shares of Oshkosh Co. (NYSE:OSK)

Louisiana State Employees Retirement System cut its position in shares of Oshkosh Co. (NYSE:OSK) by 2.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,000 shares of the company’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Oshkosh were worth $1,804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Oshkosh during the 3rd quarter worth approximately $25,000. Headlands Technologies LLC bought a new stake in Oshkosh during the 1st quarter worth about $31,000. Bessemer Group Inc. lifted its position in Oshkosh by 280.6% during the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after buying an additional 289 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Oshkosh by 5,563.6% during the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock worth $67,000 after buying an additional 612 shares during the last quarter. Finally, Eagle Bay Advisors LLC increased its position in shares of Oshkosh by 547.6% in the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after acquiring an additional 564 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of NYSE OSK opened at $106.46 on Thursday. The stock has a market capitalization of $6.96 billion, a PE ratio of 10.19, a P/E/G ratio of 1.04 and a beta of 1.19. Oshkosh Co. has a fifty-two week low of $86.37 and a fifty-two week high of $127.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. The business has a fifty day moving average price of $102.86 and a two-hundred day moving average price of $107.85.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping the consensus estimate of $3.00 by $0.34. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.69 earnings per share. As a group, equities analysts predict that Oshkosh Co. will post 11.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Evercore ISI lowered their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Jefferies Financial Group cut their price target on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Truist Financial lowered their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Stifel Nicolaus cut their target price on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. boosted their price target on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $125.29.

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.