Renaissance Technologies LLC Acquires Shares of 105,063 Oshkosh Co. (NYSE:OSK)

Renaissance Technologies LLC acquired a new stake in Oshkosh Co. (NYSE:OSK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 105,063 shares of the company’s stock, valued at approximately $11,368,000.

Several other large investors also recently bought and sold shares of OSK. Atlas Capital Advisors LLC grew its position in shares of Oshkosh by 161.6% during the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after buying an additional 139 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Oshkosh during the first quarter worth approximately $31,000. Rise Advisors LLC grew its position in shares of Oshkosh by 215.5% during the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after buying an additional 181 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Oshkosh by 280.6% during the first 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. Finally, GAMMA Investing LLC grew its position in shares of Oshkosh by 51.3% during the first quarter. GAMMA Investing LLC now owns 581 shares of the company’s stock worth $72,000 after buying an additional 197 shares in 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 $101.58 on Tuesday. Oshkosh Co. has a fifty-two week low of $86.10 and a fifty-two week high of $127.98. The firm’s 50-day simple moving average is $104.40 and its 200 day simple moving average is $111.17. 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 stock has a market cap of $6.64 billion, a P/E ratio of 9.72, a P/E/G ratio of 0.97 and a beta of 1.19.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the previous year, the business earned $2.69 earnings per share. The company’s revenue was up 18.0% on a year-over-year basis. Equities analysts expect that Oshkosh Co. will post 11.7 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Friday, August 16th. Oshkosh’s dividend payout ratio is currently 17.61%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OSK. Stifel Nicolaus decreased their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Jefferies Financial Group decreased their price objective on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Raymond James began coverage on shares of Oshkosh in a report on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective for the company. Citigroup began coverage on shares of Oshkosh in a report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $125.79.

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.