Atria Investments LLC Purchases New Shares in Oshkosh Co. (NYSE:OSK)

Atria Investments LLC purchased a new stake in Oshkosh Co. (NYSE:OSKGet Rating) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,953 shares of the company’s stock, valued at approximately $1,203,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sciencast Management LP purchased a new position in Oshkosh in the 1st quarter valued at $1,406,000. Mackenzie Financial Corp raised its holdings in shares of Oshkosh by 117.9% during the 4th quarter. Mackenzie Financial Corp now owns 64,496 shares of the company’s stock worth $7,269,000 after acquiring an additional 34,900 shares during the period. Pitcairn Co. raised its holdings in shares of Oshkosh by 6.1% during the 4th quarter. Pitcairn Co. now owns 4,609 shares of the company’s stock worth $519,000 after acquiring an additional 263 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Oshkosh by 20.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 17,232 shares of the company’s stock worth $1,942,000 after acquiring an additional 2,896 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Oshkosh by 0.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,300,177 shares of the company’s stock worth $146,543,000 after acquiring an additional 4,574 shares during the period. Hedge funds and other institutional investors own 94.89% of the company’s stock.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $89.51 on Thursday. Oshkosh Co. has a one year low of $77.89 and a one year high of $125.16. The company has a market cap of $5.89 billion, a PE ratio of 20.21, a P/E/G ratio of 0.62 and a beta of 1.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.76. The business has a 50-day simple moving average of $86.38 and a 200-day simple moving average of $99.06.

Oshkosh (NYSE:OSKGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07. Oshkosh had a return on equity of 7.63% and a net margin of 3.84%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the company posted $1.48 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that Oshkosh Co. will post 5.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on OSK. Credit Suisse Group set a $97.00 price target on Oshkosh in a report on Tuesday, July 19th. Citigroup lowered shares of Oshkosh from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $120.00 to $90.00 in a report on Thursday, July 7th. Wells Fargo & Company reduced their price objective on shares of Oshkosh from $117.00 to $104.00 in a report on Thursday, April 28th. TheStreet lowered shares of Oshkosh from a “b-” rating to a “c+” rating in a report on Friday, July 1st. Finally, Bank of America lowered shares of Oshkosh from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $103.00 to $92.00 in a report on Friday, May 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $105.29.

About Oshkosh

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Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company’s Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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