Sciencast Management LP Buys New Stake in Oshkosh Corp (NYSE:OSK)

Sciencast Management LP purchased a new position in shares of Oshkosh Corp (NYSE:OSK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,004 shares of the company’s stock, valued at approximately $450,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OSK. Raymond James & Associates boosted its stake in Oshkosh by 1.8% in the 2nd quarter. Raymond James & Associates now owns 54,736 shares of the company’s stock valued at $3,920,000 after buying an additional 970 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Oshkosh by 11.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,474 shares of the company’s stock valued at $320,000 after acquiring an additional 458 shares during the period. Donaldson Capital Management LLC boosted its stake in shares of Oshkosh by 1.4% in the 2nd quarter. Donaldson Capital Management LLC now owns 36,840 shares of the company’s stock valued at $2,638,000 after purchasing an additional 519 shares in the last quarter. Strs Ohio grew its holdings in shares of Oshkosh by 78.7% in the 2nd quarter. Strs Ohio now owns 12,842 shares of the company’s stock worth $919,000 after purchasing an additional 5,656 shares during the last quarter. Finally, Highland Capital Management LLC grew its holdings in shares of Oshkosh by 0.6% in the 2nd quarter. Highland Capital Management LLC now owns 27,966 shares of the company’s stock worth $2,003,000 after purchasing an additional 168 shares during the last quarter. 93.32% of the stock is currently owned by institutional investors.

Oshkosh stock opened at $78.72 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.04 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $5.36 billion, a P/E ratio of 13.55, a PEG ratio of 2.26 and a beta of 1.54. The business has a 50-day moving average of $74.00 and a 200-day moving average of $72.87. Oshkosh Corp has a 1 year low of $46.72 and a 1 year high of $95.62.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.80. Oshkosh had a net margin of 5.15% and a return on equity of 14.93%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm earned $2.72 EPS. Oshkosh’s quarterly revenue was down 33.9% compared to the same quarter last year. Research analysts anticipate that Oshkosh Corp will post 3.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. Oshkosh’s dividend payout ratio is 14.44%.

OSK has been the topic of several recent analyst reports. ValuEngine raised Oshkosh from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. Deutsche Bank started coverage on Oshkosh in a research note on Tuesday, June 30th. They issued a “buy” rating and a $89.00 price objective on the stock. TheStreet upgraded Oshkosh from a “c+” rating to a “b-” rating in a research note on Thursday, June 18th. Raymond James initiated coverage on shares of Oshkosh in a research report on Monday, July 27th. They set an “outperform” rating and a $85.00 price target on the stock. Finally, Stifel Nicolaus raised their price objective on shares of Oshkosh from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $83.73.

About Oshkosh

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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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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