Jupiter Asset Management Ltd. Makes New $3.15 Million Investment in Oshkosh Corporation $OSK

Jupiter Asset Management Ltd. bought a new stake in shares of Oshkosh Corporation (NYSE:OSK) during the third quarter, Holdings Channel.com reports. The fund bought 24,259 shares of the company’s stock, valued at approximately $3,146,000.

A number of other large investors also recently bought and sold shares of the business. Harbor Capital Advisors Inc. acquired a new position in shares of Oshkosh during the 3rd quarter worth about $26,000. Blue Trust Inc. lifted its position in Oshkosh by 471.1% during the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after buying an additional 179 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in shares of Oshkosh by 3,014.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after acquiring an additional 211 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in Oshkosh in the 3rd quarter valued at about $29,000. Finally, Whittier Trust Co. increased its holdings in shares of Oshkosh by 69.1% during the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Sanford C. Bernstein upped their price target on Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, January 30th. KeyCorp reaffirmed an “overweight” rating on shares of Oshkosh in a research note on Thursday, December 18th. UBS Group reissued a “buy” rating and issued a $167.00 price target on shares of Oshkosh in a research note on Friday, January 30th. Finally, Truist Financial set a $183.00 price objective on shares of Oshkosh in a report on Friday, January 30th. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $159.60.

Oshkosh Stock Up 3.1%

Shares of OSK opened at $175.80 on Friday. The company’s 50-day simple moving average is $148.96 and its 200-day simple moving average is $137.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $180.49. The stock has a market capitalization of $11.00 billion, a PE ratio of 17.54, a P/E/G ratio of 0.89 and a beta of 1.43.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the previous year, the company earned $2.58 earnings per share. Oshkosh’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s payout ratio is presently 22.75%.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.