Cottage Street Advisors LLC Makes New $752,000 Investment in Oshkosh Co. (NYSE:OSK)

Cottage Street Advisors LLC acquired a new position in Oshkosh Co. (NYSE:OSK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,940 shares of the company’s stock, valued at approximately $752,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Money Concepts Capital Corp raised its stake in shares of Oshkosh by 1,359.1% during the fourth quarter. Money Concepts Capital Corp now owns 321 shares of the company’s stock valued at $28,000 after purchasing an additional 299 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in shares of Oshkosh during the 3rd quarter valued at about $32,000. Belpointe Asset Management LLC lifted its holdings in shares of Oshkosh by 108.5% during the 1st quarter. Belpointe Asset Management LLC now owns 513 shares of the company’s stock valued at $43,000 after buying an additional 267 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new stake in shares of Oshkosh during the 2nd quarter valued at about $48,000. Finally, Lazard Asset Management LLC acquired a new stake in Oshkosh in the 3rd quarter worth approximately $80,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the transaction, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

OSK has been the subject of a number of research analyst reports. UBS Group upped their price target on Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. DA Davidson upgraded Oshkosh from a “neutral” rating to a “buy” rating and upped their price target for the company from $122.00 to $130.00 in a research report on Friday, March 1st. TheStreet raised Oshkosh from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Evercore ISI boosted their price objective on Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group boosted their price objective on Oshkosh from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.94.

Oshkosh Trading Up 0.9 %

Oshkosh stock opened at $124.71 on Friday. The firm has a 50-day moving average of $113.11 and a 200-day moving average of $103.49. Oshkosh Co. has a one year low of $72.09 and a one year high of $124.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 1.63 and a beta of 1.28.

Oshkosh (NYSE:OSK) last issued its earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.32. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the business posted $1.60 EPS. Oshkosh’s revenue was up 12.1% on a year-over-year basis. On average, equities analysts expect that Oshkosh Co. will post 10.3 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. This represents a $1.84 annualized dividend and a dividend yield of 1.48%. Oshkosh’s dividend payout ratio (DPR) is currently 20.26%.

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.