Paradoxiom Capital L.P. Buys New Stake in Oshkosh Co. (NYSE:OSK)

Paradoxiom Capital L.P. purchased a new stake in Oshkosh Co. (NYSE:OSK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,180 shares of the company’s stock, valued at approximately $2,014,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after buying an additional 138 shares during the period. Coppell Advisory Solutions LLC lifted its position in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after acquiring an additional 110 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in Oshkosh in the fourth quarter valued at $32,000. V Square Quantitative Management LLC lifted its position in Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after acquiring an additional 157 shares during the last quarter. Finally, Twin Tree Management LP purchased a new stake in Oshkosh in the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OSK. The Goldman Sachs Group reduced their target price on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Robert W. Baird dropped their price target on shares of Oshkosh from $163.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Raymond James upped their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Morgan Stanley lowered their target price on shares of Oshkosh from $110.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Finally, UBS Group lowered their target price on shares of Oshkosh from $137.00 to $97.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.64.

Oshkosh Stock Performance

NYSE:OSK opened at $100.20 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The company has a market cap of $6.45 billion, a P/E ratio of 9.68, a P/E/G ratio of 1.45 and a beta of 1.37. Oshkosh Co. has a fifty-two week low of $76.82 and a fifty-two week high of $123.25. The firm’s 50 day moving average is $90.55 and its two-hundred day moving average is $98.85.

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 business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the business posted $2.89 EPS. The business’s revenue was down 9.1% on a year-over-year basis. Analysts expect that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders 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 dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh’s dividend payout ratio is presently 21.79%.

About Oshkosh

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.