Quantbot Technologies LP Invests $2.20 Million in Oshkosh Corporation $OSK

Quantbot Technologies LP purchased a new stake in Oshkosh Corporation (NYSE:OSK) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,943 shares of the company’s stock, valued at approximately $2,198,000.

A number of other hedge funds have also bought and sold shares of the business. Goldman Sachs Group Inc. grew its position in shares of Oshkosh by 43.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock worth $21,180,000 after purchasing an additional 68,165 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Oshkosh by 8.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock valued at $17,705,000 after buying an additional 14,122 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Oshkosh in the first quarter valued at approximately $567,000. Sivia Capital Partners LLC acquired a new stake in Oshkosh during the second quarter worth approximately $325,000. Finally, Bessemer Group Inc. increased its stake in Oshkosh by 92.7% during the 2nd quarter. Bessemer Group Inc. now owns 819 shares of the company’s stock worth $93,000 after acquiring an additional 394 shares during the period. 92.36% of the stock is owned by institutional investors.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the sale, the senior vice president owned 13,577 shares of the company’s stock, valued at $2,295,463.39. This trade represents a 22.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wall Street Zen upgraded Oshkosh from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. KeyCorp reaffirmed an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. Zacks Research cut shares of Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, Truist Financial set a $183.00 price target on shares of Oshkosh in a report on Friday, January 30th. Thirteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and an average target price of $162.81.

Oshkosh Stock Down 2.4%

Shares of NYSE OSK opened at $168.09 on Wednesday. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 0.87 and a beta of 1.37. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $180.49. The stock has a 50-day moving average price of $155.03 and a two-hundred day moving average price of $139.70.

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

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.4%. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, February 17th. Oshkosh’s dividend payout ratio (DPR) is currently 22.75%.

About Oshkosh

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.