Alaska Permanent Fund Corp Invests $441,000 in Oshkosh Co. (NYSE:OSK)

Alaska Permanent Fund Corp acquired a new stake in shares of Oshkosh Co. (NYSE:OSK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,069 shares of the company’s stock, valued at approximately $441,000.

A number of other large investors also recently modified their holdings of OSK. BluePath Capital Management LLC bought a new position in Oshkosh during the third quarter valued at approximately $32,000. Venturi Wealth Management LLC raised its position in Oshkosh by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after purchasing an additional 111 shares during the period. GAMMA Investing LLC bought a new stake in Oshkosh in the fourth quarter worth $42,000. Counterpoint Mutual Funds LLC bought a new stake in Oshkosh in the third quarter worth $86,000. Finally, Arlington Partners LLC lifted its stake in Oshkosh by 36.5% in the third quarter. Arlington Partners LLC now owns 934 shares of the company’s stock worth $89,000 after purchasing an additional 250 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Trading Down 0.9 %

Shares of NYSE OSK opened at $117.58 on Friday. Oshkosh Co. has a 1 year low of $72.09 and a 1 year high of $127.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The firm has a 50-day moving average of $117.49 and a 200 day moving average of $107.07. The stock has a market cap of $7.71 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the business earned $1.59 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts expect that Oshkosh Co. will post 11.25 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be paid a $0.46 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. Oshkosh’s dividend payout ratio is currently 17.61%.

Analyst Ratings Changes

Several research firms recently issued reports on OSK. TheStreet upgraded Oshkosh from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Citigroup raised their target price on shares of Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Evercore ISI upped their price target on shares of Oshkosh from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Stifel Nicolaus raised their price target on shares of Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. Finally, Truist Financial boosted their price objective on shares of Oshkosh from $121.00 to $132.00 and gave the company a “hold” rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Oshkosh has a consensus rating of “Moderate Buy” and a consensus target price of $123.50.

Insider Activity

In related news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, the senior vice president now owns 13,499 shares in the company, valued at approximately $1,503,518.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Oshkosh Company 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.