Entropy Technologies LP Purchases New Stake in Oshkosh Co. (NYSE:OSK)

Entropy Technologies LP acquired a new position in shares of Oshkosh Co. (NYSE:OSK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,520 shares of the company’s stock, valued at approximately $1,555,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new stake in shares of Oshkosh during the third quarter worth approximately $25,000. Headlands Technologies LLC purchased a new position in shares of Oshkosh during the 1st quarter valued at $31,000. Bessemer Group Inc. increased its stake in shares of Oshkosh by 280.6% in the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after acquiring an additional 289 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Oshkosh by 5,563.6% during the second quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock worth $67,000 after acquiring an additional 612 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in Oshkosh by 547.6% during the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after purchasing an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of NYSE OSK opened at $111.29 on Wednesday. The business’s 50 day moving average is $103.24 and its two-hundred day moving average is $107.10. The company has a market cap of $7.24 billion, a P/E ratio of 10.80, a P/E/G ratio of 1.10 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a 12 month low of $93.27 and a 12 month high of $127.98.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. On average, equities analysts expect that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.65%. Oshkosh’s dividend payout ratio is 17.86%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OSK. Evercore ISI cut their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Truist Financial reduced their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Robert W. Baird decreased their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus dropped their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $123.14.

Oshkosh 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.