Magnetar Financial LLC Purchases New Position in Oshkosh Corporation $OSK

Magnetar Financial LLC acquired a new position in Oshkosh Corporation (NYSE:OSK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,344 shares of the company’s stock, valued at approximately $5,881,000. Magnetar Financial LLC owned approximately 0.07% of Oshkosh as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OSK. Harbor Capital Advisors Inc. purchased a new stake in shares of Oshkosh in the 3rd quarter worth $26,000. Blue Trust Inc. increased its stake in shares of Oshkosh by 471.1% during the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after buying an additional 179 shares during the period. SJS Investment Consulting Inc. increased its stake in shares of Oshkosh by 3,014.3% during the third quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after buying an additional 211 shares during the period. Abich Financial Wealth Management LLC bought a new stake in shares of Oshkosh in the third quarter valued at about $29,000. Finally, Quent Capital LLC bought a new stake in shares of Oshkosh in the third quarter valued at about $35,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction on Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the transaction, the senior vice president directly owned 13,577 shares of the company’s stock, valued at approximately $2,295,463.39. The trade was a 22.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is currently owned by company insiders.

Oshkosh Price Performance

OSK opened at $152.48 on Thursday. The firm has a market capitalization of $9.54 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 0.79 and a beta of 1.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. The business’s 50-day moving average is $158.48 and its two-hundred day moving average is $140.46. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $180.49.

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

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.5%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, February 17th. Oshkosh’s payout ratio is 22.75%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Bank of America upgraded shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 target price on the stock in a report on Tuesday, February 3rd. Morgan Stanley reduced their price target on shares of Oshkosh from $155.00 to $144.00 and set an “equal weight” rating for the company in a report on Tuesday, February 3rd. Zacks Research raised shares of Oshkosh from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Truist Financial set a $183.00 price objective on shares of Oshkosh in a research note on Friday, January 30th. Finally, Sanford C. Bernstein lifted their price objective on shares of Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and an average target price of $165.31.

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.