SG Americas Securities LLC Acquires 46,094 Shares of Oshkosh Corporation $OSK

SG Americas Securities LLC lifted its holdings in Oshkosh Corporation (NYSE:OSK) by 2,132.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,256 shares of the company’s stock after buying an additional 46,094 shares during the quarter. SG Americas Securities LLC’s holdings in Oshkosh were worth $6,062,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of OSK. Keybank National Association OH purchased a new stake in shares of Oshkosh during the third quarter valued at $422,000. Mutual Advisors LLC purchased a new position in Oshkosh in the 3rd quarter worth about $849,000. Peterson Wealth Services increased its stake in Oshkosh by 3,459.5% in the 3rd quarter. Peterson Wealth Services now owns 56,952 shares of the company’s stock worth $7,387,000 after buying an additional 55,352 shares during the period. Convergence Investment Partners LLC bought a new stake in Oshkosh during the 3rd quarter valued at about $1,162,000. Finally, Asset Management One Co. Ltd. purchased a new stake in Oshkosh in the 3rd quarter valued at about $1,399,000. 92.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group upped their target price on shares of Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Raymond James Financial reiterated an “outperform” rating and issued a $175.00 price target on shares of Oshkosh in a report on Monday, March 2nd. Argus dropped their price objective on Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Wells Fargo & Company raised their price objective on Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Finally, Robert W. Baird set a $182.00 target price on Oshkosh in a research report on Friday, January 30th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.31.

Oshkosh Price Performance

Shares of OSK opened at $146.93 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. The company has a 50 day moving average price of $158.38 and a 200-day moving average price of $141.04. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $180.49. The stock has a market capitalization of $9.20 billion, a PE ratio of 14.66, a PEG ratio of 0.71 and a beta of 1.37.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.07). The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.58 earnings per share. Equities analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio is presently 22.75%.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the sale, the senior vice president directly owned 13,577 shares in the company, valued at $2,295,463.39. This represents a 22.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.55% of the company’s stock.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.