Guggenheim Capital LLC Has $1.83 Million Position in Oshkosh Co. (NYSE:OSK)

Guggenheim Capital LLC raised its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 134.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,037 shares of the company's stock after acquiring an additional 12,629 shares during the period. Guggenheim Capital LLC's holdings in Oshkosh were worth $1,833,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSK. American Century Companies Inc. raised its holdings in Oshkosh by 22.4% in the 4th quarter. American Century Companies Inc. now owns 3,938,229 shares of the company's stock valued at $347,312,000 after acquiring an additional 721,154 shares in the last quarter. Norges Bank acquired a new position in Oshkosh in the 4th quarter valued at $59,227,000. Victory Capital Management Inc. raised its holdings in Oshkosh by 14.0% in the 4th quarter. Victory Capital Management Inc. now owns 3,281,336 shares of the company's stock valued at $289,551,000 after acquiring an additional 403,703 shares in the last quarter. Greenhaven Associates Inc. raised its holdings in Oshkosh by 12.6% in the 1st quarter. Greenhaven Associates Inc. now owns 1,957,309 shares of the company's stock valued at $162,809,000 after acquiring an additional 219,635 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Oshkosh by 59.9% in the 4th quarter. Millennium Management LLC now owns 535,036 shares of the company's stock valued at $47,185,000 after acquiring an additional 200,483 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on OSK. Stifel Nicolaus lifted their price target on Oshkosh from $101.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, August 2nd. Citigroup lifted their price target on Oshkosh from $85.00 to $95.00 and gave the company a "neutral" rating in a research note on Tuesday, July 18th. KeyCorp lifted their price target on Oshkosh from $110.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, August 2nd. The Goldman Sachs Group lifted their price target on Oshkosh from $94.00 to $104.00 and gave the company a "neutral" rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group lifted their price target on Oshkosh from $96.00 to $115.00 and gave the company an "outperform" rating in a research note on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Oshkosh has a consensus rating of "Moderate Buy" and an average price target of $108.62.

View Our Latest Stock Report on OSK

NYSE OSK opened at $103.23 on Thursday. The business's 50-day moving average price is $93.81 and its two-hundred day moving average price is $85.50. Oshkosh Co. has a 12 month low of $69.30 and a 12 month high of $106.66. The firm has a market capitalization of $6.74 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 0.35 and a beta of 1.41. The company has a current ratio of 1.81, a quick ratio of 1.03 and a debt-to-equity ratio of 0.18.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The company reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $1.12. Oshkosh had a return on equity of 14.22% and a net margin of 4.45%. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the company posted $0.41 EPS. The business's revenue was up 16.8% on a year-over-year basis. On average, analysts expect that Oshkosh Co. will post 8.08 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Wednesday, August 16th. Oshkosh's dividend payout ratio is 27.11%.

In other news, EVP Frank R. Nerenhausen sold 10,300 shares of the business's stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $106.03, for a total value of $1,092,109.00. Following the transaction, the executive vice president now directly owns 52,126 shares of the company's stock, valued at approximately $5,526,919.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is owned by company insiders.

Oshkosh Corporation designs, manufacture, and markets specialty trucks and access equipment vehicles worldwide. 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.

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