Galibier Capital Management Ltd. Boosts Stock Position in Oshkosh Co. (NYSE:OSK)

Galibier Capital Management Ltd. grew its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 23.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,227 shares of the company's stock after acquiring an additional 8,700 shares during the period. Oshkosh accounts for approximately 1.0% of Galibier Capital Management Ltd.'s holdings, making the stock its 17th largest position. Galibier Capital Management Ltd. owned approximately 0.07% of Oshkosh worth $4,532,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in OSK. Vanguard Group Inc. raised its stake in Oshkosh by 10.1% in the first quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company's stock valued at $978,797,000 after purchasing an additional 718,122 shares in the last quarter. American Century Companies Inc. raised 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 acquiring an additional 235,496 shares during the last quarter. Assenagon Asset Management S.A. raised 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 acquiring 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 $15,102,000. Finally, Renaissance Technologies LLC bought a new position in Oshkosh during the second quarter worth $11,368,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Stock Up 0.3 %

Shares of OSK stock traded up $0.31 during trading hours on Wednesday, reaching $108.14. 738,991 shares of the company's stock were exchanged, compared to its average volume of 505,230. The company has a current ratio of 1.44, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a 1 year low of $86.37 and a 1 year high of $127.98. The stock has a market cap of $7.07 billion, a PE ratio of 10.32, a PEG ratio of 1.04 and a beta of 1.19. The stock's fifty day moving average price is $102.81 and its two-hundred day moving average price is $107.86.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.34. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last year, the firm earned $2.69 EPS. Research analysts predict that Oshkosh Co. will post 11.33 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on OSK. Stifel Nicolaus reduced their price target on shares of Oshkosh from $140.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, August 1st. Truist Financial dropped their price target on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a research report on Wednesday, October 9th. Jefferies Financial Group dropped their price target on shares of Oshkosh from $135.00 to $105.00 and set a "hold" rating on the stock in a research report on Thursday, July 11th. JPMorgan Chase & Co. raised their target price on Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. Finally, Evercore ISI dropped their price target on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. One 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, Oshkosh presently has a consensus rating of "Hold" and an average price target of $125.29.

Oshkosh Company 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.