Stevens Capital Management LP Takes Position in Oshkosh Corp (OSK)

Stevens Capital Management LP bought a new stake in Oshkosh Corp (NYSE:OSK) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 28,477 shares of the company’s stock, valued at approximately $2,029,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP increased its holdings in shares of Oshkosh by 24.7% in the third quarter. Quantbot Technologies LP now owns 53,269 shares of the company’s stock valued at $3,794,000 after purchasing an additional 10,559 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Oshkosh in the third quarter valued at approximately $1,016,000. FDx Advisors Inc. increased its stake in Oshkosh by 14.6% during the third quarter. FDx Advisors Inc. now owns 19,546 shares of the company’s stock worth $1,392,000 after acquiring an additional 2,489 shares during the last quarter. Walthausen & Co. LLC acquired a new stake in Oshkosh during the third quarter worth $6,649,000. Finally, Canada Pension Plan Investment Board increased its stake in Oshkosh by 24.0% during the third quarter. Canada Pension Plan Investment Board now owns 499,286 shares of the company’s stock worth $35,569,000 after acquiring an additional 96,500 shares during the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

Several equities research analysts have issued reports on the company. Zacks Investment Research cut Oshkosh from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. ValuEngine raised Oshkosh from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 13th. Buckingham Research assumed coverage on Oshkosh in a research note on Tuesday, August 28th. They set a “neutral” rating and a $76.00 target price for the company. Bank of America cut their target price on Oshkosh from $84.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. Finally, Deutsche Bank set a $77.00 target price on Oshkosh and gave the stock a “hold” rating in a research note on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Oshkosh has an average rating of “Hold” and an average price target of $86.17.

OSK opened at $71.56 on Tuesday. Oshkosh Corp has a 52 week low of $51.42 and a 52 week high of $100.26. The firm has a market cap of $5.13 billion, a PE ratio of 11.25, a PEG ratio of 0.69 and a beta of 1.76. The company has a quick ratio of 1.21, a current ratio of 1.93 and a debt-to-equity ratio of 0.33.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, November 1st. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.45 by $0.35. Oshkosh had a return on equity of 19.93% and a net margin of 6.12%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business posted $1.38 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts predict that Oshkosh Corp will post 7.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 19th were given a dividend of $0.27 per share. This is a positive change from Oshkosh’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, November 16th. Oshkosh’s dividend payout ratio (DPR) is currently 16.98%.

In related news, EVP Frank R. Nerenhausen sold 10,000 shares of Oshkosh stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $70.00, for a total value of $700,000.00. Following the completion of the transaction, the executive vice president now directly owns 62,385 shares in the company, valued at $4,366,950. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tina R. Schoner bought 630 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The stock was bought at an average price of $66.78 per share, with a total value of $42,071.40. Following the completion of the acquisition, the senior vice president now owns 630 shares of the company’s stock, valued at approximately $42,071.40. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company’s stock.

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Oshkosh Company Profile

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; and chassis and service parts sales.

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Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Corp (NYSE:OSK).

Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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