Semanteon Capital Management LP Makes New Investment in Oshkosh Co. (NYSE:OSK)

Semanteon Capital Management LP acquired a new position in shares of Oshkosh Co. (NYSE:OSK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,478 shares of the company’s stock, valued at approximately $1,150,000.

Several other large investors also recently added to or reduced their stakes in OSK. Vanguard Group Inc. increased its stake in Oshkosh by 10.1% during the first quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock worth $978,797,000 after acquiring an additional 718,122 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Oshkosh by 19.6% during the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after buying an additional 235,496 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Oshkosh by 3,329.3% during the third quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock valued at $24,073,000 after buying an additional 233,218 shares during the last quarter. M&G Plc bought a new position in shares of Oshkosh during the first quarter valued at approximately $15,102,000. Finally, Renaissance Technologies LLC bought a new position in shares of Oshkosh during the second quarter valued at approximately $11,368,000. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Up 2.1 %

OSK traded up $2.21 on Monday, hitting $108.31. The company had a trading volume of 7,558 shares, compared to its average volume of 497,296. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 1.03 and a beta of 1.19. The stock has a fifty day moving average price of $102.55 and a 200-day moving average price of $108.06. Oshkosh Co. has a 12-month low of $86.37 and a 12-month high of $127.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the prior year, the company posted $2.69 earnings per share. Oshkosh’s revenue for the quarter was up 18.0% compared to the same quarter last year. Analysts predict that Oshkosh Co. will post 11.33 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.46 per share. The ex-dividend date was Friday, August 16th. This represents a $1.84 dividend on an annualized basis and a yield of 1.70%. Oshkosh’s payout ratio is 17.79%.

Analysts Set New Price Targets

A number of research analysts have recently commented on OSK shares. Jefferies Financial Group cut their target price on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Evercore ISI cut their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Truist Financial cut their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their target price on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Finally, Stifel Nicolaus lowered their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $125.29.

About Oshkosh

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.