Brinker Capital Investments LLC Purchases 1,468 Shares of Oshkosh Co. (NYSE:OSK)
Brinker Capital Investments LLC grew its position in shares of Oshkosh Co. (NYSE:OSK – Get Rating) by 12.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,907 shares of the company’s stock after acquiring an additional 1,468 shares during the period. Brinker Capital Investments LLC’s holdings in Oshkosh were worth $907,000 as of its most recent SEC filing.
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Other hedge funds and other institutional investors have also recently modified their holdings of the company. CX Institutional purchased a new position in shares of Oshkosh during the second quarter valued at about $25,000. New Century Advisors LLC increased its position in shares of Oshkosh by 137.2% during the third quarter. New Century Advisors LLC now owns 351 shares of the company’s stock valued at $25,000 after buying an additional 203 shares during the period. SeaCrest Wealth Management LLC purchased a new position in shares of Oshkosh during the second quarter valued at about $26,000. Tsfg LLC increased its position in shares of Oshkosh by 2,616.0% during the third quarter. Tsfg LLC now owns 679 shares of the company’s stock valued at $48,000 after buying an additional 654 shares during the period. Finally, Eagle Bay Advisors LLC increased its position in shares of Oshkosh by 41.8% during the second quarter. Eagle Bay Advisors LLC now owns 682 shares of the company’s stock valued at $56,000 after buying an additional 201 shares during the period. 90.43% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Oshkosh from $100.00 to $103.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com cut shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Thursday, November 24th. JPMorgan Chase & Co. upped their price objective on shares of Oshkosh from $82.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, October 28th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Oshkosh from $95.00 to $103.00 in a report on Monday, December 5th. Finally, Wells Fargo & Company upped their price objective on shares of Oshkosh from $90.00 to $93.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh has a consensus rating of “Hold” and a consensus target price of $101.29.
Oshkosh Stock Up 2.9 %
Shares of Oshkosh stock opened at $94.53 on Monday. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 69.00, a price-to-earnings-growth ratio of 0.82 and a beta of 1.36. The company’s 50 day moving average is $90.15 and its 200 day moving average is $84.59. Oshkosh Co. has a twelve month low of $69.30 and a twelve month high of $121.70. The company has a quick ratio of 1.08, a current ratio of 1.81 and a debt-to-equity ratio of 0.21.
Oshkosh (NYSE:OSK – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.15). The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.15 billion. Oshkosh had a net margin of 1.15% and a return on equity of 3.95%. Research analysts anticipate that Oshkosh Co. will post 3.46 EPS for the current year.
Oshkosh Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Monday, November 14th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. Oshkosh’s dividend payout ratio (DPR) is 108.03%.
Oshkosh Corp. engages in the design, manufacture, and marketing of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment consists of JerrDan and JLG, which manufactures aerial work platforms and telehandlers that are used in construction, industrial, institutional, and general maintenance applications to position workers and materials at elevated heights.
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