Rothschild Investment LLC Buys Shares of 2,025 Oshkosh Co. (NYSE:OSK)

Rothschild Investment LLC purchased a new position in shares of Oshkosh Co. (NYSE:OSK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,025 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors have also modified their holdings of the company. Atlas Capital Advisors LLC boosted its holdings in Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after acquiring an additional 139 shares during the period. Headlands Technologies LLC purchased a new position in shares of Oshkosh in the first quarter valued at approximately $31,000. Rise Advisors LLC boosted its stake in shares of Oshkosh by 215.5% in the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after purchasing an additional 181 shares during the period. Bessemer Group Inc. grew its holdings in shares of Oshkosh by 280.6% in the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after purchasing an additional 289 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Oshkosh by 41.2% during the 1st quarter. Venturi Wealth Management LLC now owns 449 shares of the company’s stock worth $56,000 after buying an additional 131 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on OSK shares. Raymond James started coverage on shares of Oshkosh in a research report on Friday, June 28th. They issued an “outperform” rating and a $125.00 price target for the company. Evercore ISI lowered their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Jefferies Financial Group reduced their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Citigroup started coverage on Oshkosh in a research report on Wednesday, June 26th. They set a “buy” rating and a $130.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $125.79.

Oshkosh Stock Performance

NYSE OSK opened at $107.91 on Tuesday. The company has a fifty day moving average of $105.98 and a two-hundred day moving average of $112.15. The company has a market capitalization of $7.02 billion, a PE ratio of 10.33, a P/E/G ratio of 1.03 and a beta of 1.22. Oshkosh Co. has a 1 year low of $86.10 and a 1 year high of $127.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.34. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The business’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.69 EPS. As a group, analysts expect that Oshkosh Co. will post 11.66 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.46 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.71%. Oshkosh’s payout ratio is 17.61%.

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.