FPA Queens Road: “Oshkosh (OSK) Remains an Attractive Opportunity”

FPA Queens Road, an investment management firm, published its “FPA Queens Road Small Cap Value Fund” first-quarter 2021 investor letter – a copy of which can be downloaded here. FPA Queens Road Small Cap Value Fund (“Fund”) returned -3.3% in the first quarter of 2022. This compares to a -2.2% return for the Russell 2000 Value Index in the same period. Try to spend some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022. 

In its Q1 2022 investor letter, FPA Queens Road mentioned Oshkosh Corporation (NYSE:OSK) and explained its insights for the company. Founded in 1917, Oshkosh Corporation (NYSE:OSK) is an Oshkosh, Wisconsin-based industrial company with a $6.2 billion market capitalization. Oshkosh Corporation (NYSE:OSK) delivered a -15.97% return since the beginning of the year, while its 12-month returns are down by -27.94%. The stock closed at $94.71 per share on June 02, 2022.

Here is what FPA Queens Road has to say about Oshkosh Corporation (NYSE:OSK) in its Q1 2022 investor letter:

“Oshkosh Corporation (NYSE:OSK), a specialty vehicle manufacturer, fell during the year as the company’s performance was impacted by chassis and component shortages. Given its strong backlog and competitive position within its markets, we think the company remains an attractive opportunity.”

Our calculations show that Oshkosh Corporation (NYSE:OSK) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Oshkosh Corporation (NYSE:OSK) was in 28 hedge fund portfolios at the end of the first quarter of 2022, compared to 26 funds in the previous quarter. Oshkosh Corporation (NYSE:OSK) delivered a -11.65% return in the past 3 months. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

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