Oshkosh (OSK) Remains an Attractive Opportunity

FPA Queens Road, an investment management firm, published its “FPA Queens Road Small Cap Value Fund” third-quarter 2021 investor letter – a copy of which can be downloaded here. The portfolio outpaced the Russell 2000 Value TR USD Index in the quarter, delivering a -2.53% return against the index’s -2.98% return for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

FPA Queens Road Small Cap Value Fund, in its Q3 2021 investor letter, mentioned Oshkosh Corporation (NYSE: OSK) and discussed its stance on the firm. Oshkosh Corporation is an Oshkosh, Wisconsin-based industrial company with a $7.5 billion market capitalization. OSK delivered a 29.75% return since the beginning of the year, while its 12-month returns are up by 38.73%. The stock closed at $111.68 per share on November 26, 2021.

Here is what FPA Queens Road Small Cap Value Fund  has to say about Oshkosh Corporation  in its Q3 2021 investor letter:

“Oshkosh Corporation posted increased earnings, but its shares slid during the quarter because the company announced significant supply chain issues and cost pressures. Given the current valuation and long-term prospects, we think the company remains an attractive opportunity.”

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Based on our calculations, Oshkosh Corporation (NYSE: OSK) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. OSK was in 31 hedge fund portfolios at the end of the third quarter of 2021, compared to 28 funds in the previous quarter. Oshkosh Corporation (NYSE: OSK) delivered a -3.36% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.