Advisory Services Network LLC Acquires 336 Shares of Oshkosh Corp (OSK)
Advisory Services Network LLC boosted its holdings in Oshkosh Corp (NYSE:OSK) by 85.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 731 shares of the company’s stock after acquiring an additional 336 shares during the period. Advisory Services Network LLC’s holdings in Oshkosh were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Macquarie Group Ltd. grew its holdings in Oshkosh by 3.8% during the 4th quarter. Macquarie Group Ltd. now owns 87,490 shares of the company’s stock valued at $5,364,000 after buying an additional 3,177 shares during the last quarter. Bray Capital Advisors purchased a new position in Oshkosh in the 4th quarter valued at about $74,000. Legal & General Group Plc lifted its holdings in Oshkosh by 0.9% in the 4th quarter. Legal & General Group Plc now owns 107,657 shares of the company’s stock valued at $6,600,000 after purchasing an additional 968 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Oshkosh by 2.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 969,065 shares of the company’s stock worth $59,414,000 after purchasing an additional 19,672 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Oshkosh during the 4th quarter worth about $697,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.
OSK has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Oshkosh from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Friday, February 1st. reiterated a “sell” rating on shares of Oshkosh in a report on Wednesday, February 13th. ValuEngine raised Oshkosh from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Royal Bank of Canada raised their price objective on Oshkosh to $90.00 and gave the stock an “outperform” rating in a report on Thursday, January 31st. Finally, reaffirmed a “sell” rating on shares of Oshkosh in a research report on Wednesday, February 13th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $83.83.
Shares of OSK stock opened at $77.93 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.99 and a debt-to-equity ratio of 0.34. The company has a market cap of $5.46 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.94 and a beta of 1.93. Oshkosh Corp has a one year low of $51.42 and a one year high of $82.48.
Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, January 30th. The company reported $1.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.67. Oshkosh had a net margin of 6.62% and a return on equity of 21.83%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the business earned $0.84 EPS. Oshkosh’s revenue for the quarter was up 13.7% on a year-over-year basis. Research analysts anticipate that Oshkosh Corp will post 7.48 EPS for the current year.
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Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.
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