R Squared Ltd Makes New Investment in Oshkosh Co. (NYSE:OSK)

R Squared Ltd acquired a new position in Oshkosh Co. (NYSE:OSK) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,490 shares of the company’s stock, valued at approximately $142,000.

Several other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in Oshkosh by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock worth $19,632,000 after buying an additional 28,478 shares during the last quarter. Virtu Financial LLC acquired a new position in Oshkosh during the third quarter valued at $504,000. Barclays PLC boosted its holdings in Oshkosh by 40.9% in the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock valued at $11,192,000 after purchasing an additional 32,435 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in Oshkosh by 57.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after purchasing an additional 7,334 shares during the period. Finally, Horizon Kinetics Asset Management LLC raised its stake in shares of Oshkosh by 3.4% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock valued at $14,144,000 after buying an additional 4,680 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OSK has been the topic of a number of recent research reports. UBS Group lowered their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Truist Financial dropped their price objective on shares of Oshkosh from $116.00 to $109.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. decreased their target price on shares of Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird dropped their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, KeyCorp upgraded shares of Oshkosh from a “sector weight” rating to an “overweight” rating and set a $113.00 price objective for the company in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.14.

Oshkosh Stock Performance

NYSE OSK opened at $95.78 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98. The company has a market cap of $6.23 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. The stock’s 50 day simple moving average is $99.61 and its 200-day simple moving average is $102.96.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

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.