Pitcairn Co. Has $251,000 Stock Holdings in Oshkosh Co. (NYSE:OSK)

Pitcairn Co. cut its position in Oshkosh Co. (NYSE:OSK) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,016 shares of the company’s stock after selling 132 shares during the period. Pitcairn Co.’s holdings in Oshkosh were worth $251,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Valley National Advisers Inc. grew its position in Oshkosh by 18.2% in the first quarter. Valley National Advisers Inc. now owns 623 shares of the company’s stock valued at $77,000 after purchasing an additional 96 shares in the last quarter. State of Michigan Retirement System grew its position in Oshkosh by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 15,708 shares of the company’s stock valued at $1,703,000 after purchasing an additional 100 shares in the last quarter. Venturi Wealth Management LLC grew its position in Oshkosh by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after purchasing an additional 111 shares in the last quarter. US Bancorp DE grew its position in Oshkosh by 3.0% in the first quarter. US Bancorp DE now owns 4,522 shares of the company’s stock valued at $564,000 after purchasing an additional 132 shares in the last quarter. Finally, Atlas Capital Advisors LLC grew its position in Oshkosh by 161.6% in the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 139 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $113.68 on Friday. Oshkosh Co. has a twelve month low of $86.10 and a twelve month high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The company has a 50-day simple moving average of $109.41 and a two-hundred day simple moving average of $112.95. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 1.09 and a beta of 1.22.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, April 25th. The company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the firm earned $1.59 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts forecast that Oshkosh Co. will post 11.21 EPS for the current year.

Analyst Ratings Changes

OSK has been the subject of a number of analyst reports. Raymond James initiated coverage on shares of Oshkosh in a research report on Friday, June 28th. They issued an “outperform” rating and a $125.00 target price for the company. Bank of America increased their price target on shares of Oshkosh from $108.00 to $112.00 and gave the company an “underperform” rating in a research note on Tuesday, May 28th. Citigroup started coverage on shares of Oshkosh in a research note on Wednesday, June 26th. They issued a “buy” rating and a $130.00 price target for the company. Truist Financial cut their price target on shares of Oshkosh from $132.00 to $123.00 and set a “hold” rating for the company in a research note on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $124.82.

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.