Hudson Bay Capital Management LP Reduces Stock Holdings in Oshkosh Corporation $OSK

Hudson Bay Capital Management LP cut its holdings in Oshkosh Corporation (NYSE:OSK) by 31.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,935 shares of the company’s stock after selling 39,282 shares during the period. Hudson Bay Capital Management LP owned about 0.14% of Oshkosh worth $11,146,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in OSK. Norges Bank purchased a new stake in shares of Oshkosh in the second quarter valued at about $98,570,000. Alliancebernstein L.P. increased its stake in shares of Oshkosh by 908.0% during the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock worth $118,481,000 after purchasing an additional 822,874 shares in the last quarter. American Century Companies Inc. raised its position in shares of Oshkosh by 22.8% during the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock worth $324,587,000 after purchasing an additional 529,907 shares during the last quarter. Capital Research Global Investors acquired a new position in shares of Oshkosh during the 3rd quarter worth approximately $63,441,000. Finally, UBS Group AG lifted its stake in Oshkosh by 162.3% in the 3rd quarter. UBS Group AG now owns 603,041 shares of the company’s stock valued at $78,214,000 after buying an additional 373,172 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Performance

Shares of NYSE:OSK opened at $144.21 on Friday. The business has a 50-day moving average of $159.59 and a two-hundred day moving average of $140.69. The firm has a market capitalization of $9.02 billion, a PE ratio of 14.39, a P/E/G ratio of 0.75 and a beta of 1.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $180.49.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.07). The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 earnings per share. As a group, research analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.57 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, February 17th. Oshkosh’s payout ratio is presently 22.75%.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the completion of the sale, the senior vice president owned 13,577 shares of the company’s stock, valued at $2,295,463.39. This represents a 22.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on OSK shares. Raymond James Financial reissued an “outperform” rating and set a $175.00 price target on shares of Oshkosh in a research report on Monday, March 2nd. KeyCorp restated an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Wells Fargo & Company increased their price objective on Oshkosh from $168.00 to $204.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. UBS Group lifted their price objective on Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.31.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.