MQS Management LLC Invests $388,000 in Oshkosh Corporation $OSK

MQS Management LLC acquired a new stake in Oshkosh Corporation (NYSE:OSK) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,994 shares of the company’s stock, valued at approximately $388,000.

Several other hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Oshkosh in the 2nd quarter valued at approximately $98,570,000. American Century Companies Inc. raised its position in Oshkosh by 22.8% in the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after purchasing an additional 529,907 shares during the period. AQR Capital Management LLC lifted its stake in Oshkosh by 25.4% during the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after purchasing an additional 345,782 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Oshkosh by 1,245.4% during the third quarter. Allianz Asset Management GmbH now owns 217,365 shares of the company’s stock worth $28,192,000 after buying an additional 201,209 shares during the period. Finally, Amundi grew its stake in shares of Oshkosh by 616.7% in the second quarter. Amundi now owns 224,765 shares of the company’s stock valued at $27,529,000 after buying an additional 193,406 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

Oshkosh stock opened at $174.67 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $143.31 and a 200-day simple moving average of $135.99. The stock has a market cap of $11.05 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 0.88 and a beta of 1.43. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $180.49.

Oshkosh (NYSE:OSK) last posted its 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). The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $2.58 EPS. Equities analysts expect that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.57 dividend. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, February 17th. Oshkosh’s payout ratio is currently 20.36%.

Analysts Set New Price Targets

Several equities analysts have weighed in on OSK shares. KeyCorp reaffirmed an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. UBS Group restated a “buy” rating and issued a $167.00 price objective on shares of Oshkosh in a report on Friday, January 30th. Bank of America raised shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 target price on the stock in a research note on Tuesday, February 3rd. Robert W. Baird set a $182.00 price target on shares of Oshkosh in a research note on Friday, January 30th. Finally, Barclays started coverage on Oshkosh in a research note on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $159.60.

Oshkosh 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.