Xponance Inc. Lowers Stock Position in Oshkosh Co. (NYSE:OSK)

Xponance Inc. reduced its position in Oshkosh Co. (NYSE:OSK) by 9.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,052 shares of the company’s stock after selling 750 shares during the quarter. Xponance Inc.’s holdings in Oshkosh were worth $763,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC boosted its position in Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 139 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Oshkosh in the first quarter worth about $31,000. Rise Advisors LLC grew its stake in shares of Oshkosh by 215.5% in the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after buying an additional 181 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Oshkosh by 280.6% during the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after buying an additional 289 shares during the period. Finally, GAMMA Investing LLC lifted its position in Oshkosh by 51.3% during the 1st quarter. GAMMA Investing LLC now owns 581 shares of the company’s stock worth $72,000 after acquiring an additional 197 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup started coverage on shares of Oshkosh in a research report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 price objective for the company. Jefferies Financial Group dropped their price target on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Raymond James began coverage on shares of Oshkosh in a research report on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective for the company. Stifel Nicolaus dropped their target price on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, Evercore ISI reduced 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. One 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.com, the company has a consensus rating of “Hold” and a consensus target price of $125.79.

Oshkosh Stock Performance

Oshkosh stock opened at $100.19 on Monday. The company has a market cap of $6.52 billion, a PE ratio of 9.59, a P/E/G ratio of 0.98 and a beta of 1.19. Oshkosh Co. has a 12 month low of $86.10 and a 12 month high of $127.98. The company has a fifty day moving average price of $103.60 and a two-hundred day moving average price of $110.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81.

Oshkosh (NYSE:OSK) last announced 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 during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the firm earned $2.69 EPS. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. Research analysts expect that Oshkosh Co. will post 11.62 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, August 16th. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

Oshkosh 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.