Bessemer Group Inc. Decreases Stake in Oshkosh Corporation (NYSE:OSK)

Bessemer Group Inc. reduced its holdings in Oshkosh Corporation (NYSE:OSK) by 43.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 425 shares of the company’s stock after selling 320 shares during the period. Bessemer Group Inc.’s holdings in Oshkosh were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of OSK. Norges Bank purchased a new position in shares of Oshkosh in the fourth quarter worth about $72,692,000. American Century Companies Inc. lifted its stake in shares of Oshkosh by 23.3% in the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock worth $193,031,000 after buying an additional 384,141 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Oshkosh in the fourth quarter worth about $25,968,000. Atlantic Investment Management Inc. purchased a new position in shares of Oshkosh in the fourth quarter worth about $21,866,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Oshkosh by 84.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 462,034 shares of the company’s stock worth $43,926,000 after buying an additional 211,244 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Price Performance

Shares of OSK opened at $124.21 on Friday. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $124.67. The stock has a market cap of $8.00 billion, a PE ratio of 13.27, a P/E/G ratio of 1.82 and a beta of 1.43. The firm has a 50-day simple moving average of $103.42 and a two-hundred day simple moving average of $98.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the business posted $2.89 EPS. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Friday, May 16th. Oshkosh’s payout ratio is 21.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OSK shares. Robert W. Baird raised their price objective on shares of Oshkosh from $135.00 to $169.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. KeyCorp cut their price objective on shares of Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Evercore ISI raised their price objective on shares of Oshkosh from $137.00 to $147.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th. Citigroup restated a “buy” rating and set a $130.00 price objective (up from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Oshkosh from $92.00 to $106.00 and gave the stock a “neutral” rating in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.