GSA Capital Partners LLP Makes New $233,000 Investment in Oshkosh Co. (NYSE:OSK)

GSA Capital Partners LLP bought a new position in shares of Oshkosh Co. (NYSE:OSK) in the third quarter, Holdings Channel reports. The institutional investor bought 2,330 shares of the company’s stock, valued at approximately $233,000.

Several other hedge funds also recently modified their holdings of OSK. SG Americas Securities LLC bought a new position in Oshkosh in the second quarter valued at approximately $1,500,000. Cetera Investment Advisers grew its stake in shares of Oshkosh by 772.9% in the first quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock valued at $3,418,000 after acquiring an additional 24,269 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Oshkosh in the second quarter valued at approximately $1,545,000. M&G Plc lifted its position in shares of Oshkosh by 6.5% during the 2nd quarter. M&G Plc now owns 128,646 shares of the company’s stock valued at $13,894,000 after acquiring an additional 7,832 shares during the period. Finally, CWM LLC increased its holdings in Oshkosh by 36.2% in the 2nd quarter. CWM LLC now owns 5,644 shares of the company’s stock valued at $611,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Performance

NYSE:OSK opened at $111.81 on Monday. The firm has a market capitalization of $7.28 billion, a P/E ratio of 10.86, a P/E/G ratio of 1.07 and a beta of 1.18. Oshkosh Co. has a twelve month low of $93.34 and a twelve month high of $127.98. The company has a fifty day moving average of $105.02 and a 200-day moving average of $106.79. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. As a group, sell-side analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, November 15th. Oshkosh’s dividend payout ratio is currently 17.86%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus lowered their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their price objective on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Truist Financial lowered their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Finally, Evercore ISI cut their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Oshkosh has an average rating of “Hold” and a consensus target price of $123.14.

Oshkosh Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.