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

Levin Capital Strategies L.P. bought a new stake in shares of Oshkosh Co. (NYSE:OSK) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $951,000.

Several other institutional investors also recently bought and sold shares of OSK. International Assets Investment Management LLC grew its stake in Oshkosh by 9,922.2% during the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after acquiring an additional 893 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Oshkosh by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 7,605 shares of the company’s stock valued at $762,000 after purchasing an additional 510 shares during the last quarter. HM Payson & Co. lifted its position in Oshkosh by 77.4% during the third quarter. HM Payson & Co. now owns 4,640 shares of the company’s stock valued at $465,000 after purchasing an additional 2,024 shares during the last quarter. EMC Capital Management lifted its position in Oshkosh by 163.2% during the third quarter. EMC Capital Management now owns 6,030 shares of the company’s stock valued at $604,000 after purchasing an additional 3,739 shares during the last quarter. Finally, Greenwich Wealth Management LLC lifted its position in Oshkosh by 0.5% during the third quarter. Greenwich Wealth Management LLC now owns 49,593 shares of the company’s stock valued at $4,970,000 after purchasing an additional 253 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Raymond James increased their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Citigroup lowered their price objective on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Bank of America increased their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Morgan Stanley increased their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Finally, UBS Group raised their target price on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh currently has a consensus rating of “Hold” and an average target price of $125.92.

Oshkosh Trading Up 0.9 %

Shares of OSK opened at $102.30 on Friday. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98. The company has a 50-day moving average of $100.60 and a 200 day moving average of $103.18. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 1.45 and a beta of 1.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, research analysts expect that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.99%. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s payout ratio is presently 19.71%.

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.