Oshkosh Co. (NYSE:OSK) Shares Bought by Equity Investment Corp

Equity Investment Corp boosted its holdings in shares of Oshkosh Co. (NYSE:OSK) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 588,884 shares of the company’s stock after acquiring an additional 8,611 shares during the quarter. Equity Investment Corp owned about 0.91% of Oshkosh worth $59,012,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC grew its stake in shares of Oshkosh by 7.3% in the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after buying an additional 127 shares in the last quarter. US Bancorp DE boosted its holdings 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 during the period. GAMMA Investing LLC boosted its holdings in Oshkosh by 26.2% in the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after purchasing an additional 152 shares during the period. Hudson Valley Investment Advisors Inc. ADV boosted its holdings in Oshkosh by 4.6% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 4,963 shares of the company’s stock valued at $528,000 after purchasing an additional 220 shares during the period. Finally, KBC Group NV boosted its holdings in Oshkosh by 15.2% in the third quarter. KBC Group NV now owns 1,666 shares of the company’s stock valued at $167,000 after purchasing an additional 220 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Ratings Changes

OSK has been the subject of a number of recent research reports. Truist Financial decreased their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Stifel Nicolaus decreased their target price on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Robert W. Baird decreased their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Evercore ISI decreased their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh has an average rating of “Hold” and a consensus price target of $123.14.

Oshkosh Stock Down 2.7 %

Oshkosh stock opened at $108.60 on Monday. Oshkosh Co. has a fifty-two week low of $93.34 and a fifty-two week high of $127.98. 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 capitalization of $7.07 billion, a P/E ratio of 10.54, a PEG ratio of 1.06 and a beta of 1.18. The stock has a 50-day simple moving average of $103.91 and a 200-day simple moving average of $107.01.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Equities research analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

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.