FPA Remains Positive on the Long-Term Prospects of Oshkosh Corporation (OSK)

Investment management company First Pacific Advisors recently released its “FPA Queens Road Small Cap Value Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the quarter, the fund outperformed its benchmark index and returned -11.46% compared to a -15.28% return for the Russell 2000 Value Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

In the second quarter investor letter, First Pacific Advisors discussed stocks like Oshkosh Corporation (NYSE:OSK). Headquartered in Oshkosh, Wisconsin, Oshkosh Corporation (NYSE:OSK) designs, builds and markets specialty vehicles. On August 29, 2022, Oshkosh Corporation (NYSE:OSK) stock closed at $80.61 per share. One-month return of Oshkosh Corporation (NYSE:OSK) was -4.59%, and its shares lost 30.24% of their value over the last 52 weeks. Oshkosh Corporation (NYSE:OSK) has a market capitalization of $5.27 billion.

Here is what First Pacific Advisors specifically said about Oshkosh Corporation (NYSE:OSK):

“Oshkosh Corporation (NYSE:OSK) makes trucks and specialty vehicles in four segments: Access Equipment (aerial work platforms and telehandlers), Defense, Fire and Safety, and Commercial. The company has suffered from component shortages and supply chain issues, but we think it has generally performed well otherwise. We remain positive on the company’s long-term prospects.”

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Oshkosh Corporation (NYSE:OSK) is not on the list of 30 Most Popular Stocks Among Hedge Funds. Oshkosh Corporation (NYSE:OSK) was held by 22 hedge fund portfolios at the end of the second quarter compared to 28 in the previous quarter.

We discussed Oshkosh Corporation (NYSE:OSK) in another article and shared the list of best stock to buy according to Charles Paquelet’s Skylands Capital at the end of second quarter. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

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