Oshkosh Co. (NYSE:OSK) Position Raised by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lifted its position in shares of Oshkosh Co. (NYSE:OSK) by 84.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 462,034 shares of the company’s stock after acquiring an additional 211,244 shares during the period. Balyasny Asset Management L.P. owned 0.71% of Oshkosh worth $43,926,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in Oshkosh by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock worth $19,632,000 after purchasing an additional 28,478 shares during the last quarter. Barclays PLC grew its stake in shares of Oshkosh by 40.9% in the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after purchasing an additional 32,435 shares in the last quarter. Semanteon Capital Management LP increased its holdings in shares of Oshkosh by 29.1% during the fourth quarter. Semanteon Capital Management LP now owns 14,820 shares of the company’s stock valued at $1,409,000 after purchasing an additional 3,342 shares during the period. Entropy Technologies LP raised its stake in shares of Oshkosh by 29.0% during the fourth quarter. Entropy Technologies LP now owns 20,018 shares of the company’s stock valued at $1,903,000 after purchasing an additional 4,498 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Oshkosh by 181.7% in the fourth quarter. State of Alaska Department of Revenue now owns 21,420 shares of the company’s stock worth $2,035,000 after purchasing an additional 13,815 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on OSK. Bank of America boosted their price target on shares of Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Evercore ISI lifted their price target on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. DA Davidson decreased their target price on Oshkosh from $120.00 to $111.00 and set a “buy” rating for the company in a research note on Friday. JPMorgan Chase & Co. cut their price objective on Oshkosh from $100.00 to $92.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Finally, UBS Group reduced their target price on Oshkosh from $137.00 to $97.00 and set a “buy” rating for the company in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $111.93.

Oshkosh Trading Up 0.2 %

Shares of NYSE:OSK opened at $89.53 on Tuesday. The firm has a fifty day moving average of $91.19 and a two-hundred day moving average of $99.30. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 12-month low of $76.82 and a 12-month high of $123.25. The firm has a market capitalization of $5.76 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the firm earned $2.89 EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, equities analysts expect that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh’s dividend payout ratio (DPR) is presently 21.79%.

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.