Bridgewater Associates LP Makes New Investment in Oshkosh Co. (NYSE:OSK)

Bridgewater Associates LP acquired a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,794 shares of the company's stock, valued at approximately $781,000.

A number of other institutional investors and hedge funds have also bought and sold shares of OSK. SG Americas Securities LLC acquired a new stake in shares of Oshkosh during the second quarter worth about $1,500,000. Cetera Investment Advisers boosted its position in Oshkosh by 772.9% in the 1st quarter. Cetera Investment Advisers now owns 27,409 shares of the company's stock worth $3,418,000 after purchasing an additional 24,269 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Oshkosh during the 2nd quarter worth approximately $1,545,000. Horizon Kinetics Asset Management LLC lifted its stake in shares of Oshkosh by 3.4% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company's stock valued at $14,144,000 after purchasing an additional 4,680 shares during the period. Finally, Equity Investment Corp boosted its holdings in Oshkosh by 1.5% during the third quarter. Equity Investment Corp now owns 588,884 shares of the company's stock worth $59,012,000 after buying an additional 8,611 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Performance

NYSE OSK traded up $0.46 on Tuesday, reaching $112.59. The stock had a trading volume of 317,236 shares, compared to its average volume of 504,275. 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 stock has a market cap of $7.33 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 1.10 and a beta of 1.19. The business's 50-day moving average price is $106.28 and its 200 day moving average price is $106.48. Oshkosh Co. has a 12-month low of $93.34 and a 12-month high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating analysts' consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.63 billion. As a group, equities analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Friday, November 15th. Oshkosh's payout ratio is 17.86%.

Wall Street Analyst Weigh In

Several analysts have commented on OSK shares. Evercore ISI dropped their price objective on Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Truist Financial reduced their price objective on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased 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. Finally, Robert W. Baird lowered their price target on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $123.14.

Oshkosh Profile

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.