Oshkosh Co. (NYSE:OSK) Shares Bought by Janney Montgomery Scott LLC

Posted by Defense World Staff on Apr 26th, 2023

Janney Montgomery Scott LLC raised its holdings in Oshkosh Co. (NYSE:OSK – Get Rating) by 18.9% during the 4th quarter, Holdings Channel reports. The firm owned 27,254 shares of the company’s stock after buying an additional 4,337 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Oshkosh were worth $2,404,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OSK. Private Advisor Group LLC acquired a new stake in Oshkosh in the first quarter valued at approximately $404,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Oshkosh by 5.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,410 shares of the company’s stock valued at $2,457,000 after purchasing an additional 1,322 shares during the period. Cetera Investment Advisers acquired a new stake in Oshkosh in the first quarter valued at approximately $222,000. Ergoteles LLC acquired a new stake in Oshkosh in the first quarter valued at approximately $567,000. Finally, Pearl River Capital LLC grew its holdings in Oshkosh by 74.4% in the first quarter. Pearl River Capital LLC now owns 4,457 shares of the company’s stock valued at $449,000 after purchasing an additional 1,902 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Oshkosh Price Performance

NYSE:OSK opened at $77.19 on Wednesday. Oshkosh Co. has a 52 week low of $69.30 and a 52 week high of $106.66. The company has a quick ratio of 1.10, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $5.05 billion, a P/E ratio of 31.90, a P/E/G ratio of 0.39 and a beta of 1.38. The stock’s fifty day moving average is $83.10 and its two-hundred day moving average is $87.66.

Oshkosh (NYSE:OSK – Get Rating) last posted its earnings results on Tuesday, January 31st. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.13). Oshkosh had a net margin of 1.92% and a return on equity of 7.18%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the firm earned $0.09 EPS. Oshkosh’s revenue for the quarter was up 23.0% compared to the same quarter last year. Equities analysts expect that Oshkosh Co. will post 5.53 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 2nd. Shareholders of record on Thursday, February 16th were given a $0.41 dividend. The ex-dividend date was Wednesday, February 15th. This represents a $1.64 dividend on an annualized basis and a yield of 2.12%. This is an increase from Oshkosh’s previous quarterly dividend of $0.37. Oshkosh’s payout ratio is currently 67.77%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on OSK shares. Stifel Nicolaus lifted their price target on Oshkosh from $100.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, January 20th. Citigroup lowered their price target on Oshkosh from $102.00 to $85.00 in a research note on Tuesday, April 18th. Deutsche Bank Aktiengesellschaft lowered their price target on Oshkosh from $113.00 to $107.00 and set a “buy” rating on the stock in a research note on Wednesday, April 12th. Robert W. Baird lifted their price target on Oshkosh from $93.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 1st. Finally, Morgan Stanley lowered their price target on Oshkosh from $114.00 to $107.00 in a research note on Thursday, April 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus price target of $99.93.

Insider Buying and Selling at Oshkosh

In related news, SVP Jason P. Baab sold 1,000 shares of the business’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $89.00, for a total value of $89,000.00. Following the sale, the senior vice president now owns 1,352 shares in the company, valued at approximately $120,328. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.64% of the company’s stock.

About Oshkosh

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Oshkosh Corp. engages in the design, manufacture, and marketing of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment consists of JerrDan and JLG, which manufactures aerial work platforms and telehandlers that are used in construction, industrial, institutional, and general maintenance applications to position workers and materials at elevated heights.