Oshkosh Co. (NYSE:OSK) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can boosted its position in Oshkosh Co. (NYSE:OSK - Free Report) by 34.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,691 shares of the company's stock after purchasing an additional 8,721 shares during the quarter. Bank of Montreal Can owned about 0.05% of Oshkosh worth $3,376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Horizon Kinetics Asset Management LLC boosted its stake in Oshkosh by 3.4% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company's stock worth $14,144,000 after buying an additional 4,680 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Oshkosh by 157.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 31,932 shares of the company's stock valued at $3,200,000 after buying an additional 19,517 shares during the period. Alpha DNA Investment Management LLC raised its position in shares of Oshkosh by 37.0% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 5,796 shares of the company's stock worth $581,000 after buying an additional 1,565 shares during the period. Algert Global LLC lifted its stake in shares of Oshkosh by 34.4% in the 3rd quarter. Algert Global LLC now owns 121,053 shares of the company's stock valued at $12,131,000 after purchasing an additional 30,971 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in Oshkosh by 32.9% during the third quarter. Cerity Partners LLC now owns 46,879 shares of the company's stock valued at $4,698,000 after buying an additional 11,601 shares in the last quarter. 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 lowered their target price on Oshkosh from $126.00 to $114.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. Robert W. Baird cut their price objective on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Finally, Evercore ISI cut their price target on Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $123.14.

Oshkosh Stock Performance

NYSE OSK traded down $1.55 on Thursday, hitting $111.88. The stock had a trading volume of 448,325 shares, compared to its average volume of 504,060. The company's 50-day moving average is $106.76 and its two-hundred day moving average is $106.50. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 1.10 and a beta of 1.19. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a one year low of $93.34 and a one year high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $2.93 EPS 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 firm had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.63 billion. On average, analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.64%. Oshkosh's payout ratio is 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.