New Wave Wealth Advisors LLC Takes Position in Oshkosh Co. (NYSE:OSK)

New Wave Wealth Advisors LLC bought a new stake in Oshkosh Co. (NYSE:OSK) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,884 shares of the company’s stock, valued at approximately $179,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Greenhaven Associates Inc. raised its stake in Oshkosh by 0.6% during the fourth quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock worth $242,629,000 after acquiring an additional 15,622 shares during the period. FMR LLC raised its stake in Oshkosh by 3.3% during the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock worth $122,646,000 after acquiring an additional 39,235 shares during the period. Geode Capital Management LLC grew its position in Oshkosh by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock worth $109,250,000 after purchasing an additional 10,357 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Oshkosh by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock worth $68,561,000 after purchasing an additional 4,974 shares during the last quarter. Finally, Equity Investment Corp grew its position in Oshkosh by 1.5% in the 3rd quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock worth $59,012,000 after purchasing an additional 8,611 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Up 18.4 %

Shares of NYSE:OSK opened at $113.27 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The company has a market cap of $7.37 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98. The firm has a 50 day simple moving average of $99.69 and a 200 day simple moving average of $103.04.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. As a group, research analysts expect that Oshkosh Co. will post 11.34 earnings per share for the current year.

Wall Street Analyst Weigh In

OSK has been the subject of several recent analyst reports. KeyCorp upgraded shares of Oshkosh from a “sector weight” rating to an “overweight” rating and set a $113.00 target price for the company in a research report on Friday, January 24th. UBS Group decreased their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on shares of Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird decreased their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Truist Financial decreased their price objective on shares of Oshkosh from $116.00 to $109.00 and set a “hold” rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $121.14.

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.