Covea Finance increased its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 81.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the company's stock after purchasing an additional 13,500 shares during the period. Covea Finance's holdings in Oshkosh were worth $2,852,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Choreo LLC purchased a new position in shares of Oshkosh in the second quarter worth $321,000. Thoroughbred Financial Services LLC increased its holdings in Oshkosh by 47.8% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,533 shares of the company's stock valued at $382,000 after acquiring an additional 1,143 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Oshkosh by 1.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 165,648 shares of the company's stock valued at $17,923,000 after acquiring an additional 2,930 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Oshkosh by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company's stock worth $196,370,000 after purchasing an additional 78,235 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Oshkosh during the 2nd quarter valued at about $11,368,000. 92.36% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on OSK. Truist Financial lifted their target price on Oshkosh from $113.00 to $116.00 and gave the stock a "hold" rating in a report on Thursday, December 19th. Citigroup decreased their price target on shares of Oshkosh from $125.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Oshkosh from $125.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday. Robert W. Baird reduced their target price 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. Finally, UBS Group decreased their target price on shares of Oshkosh from $129.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Oshkosh has a consensus rating of "Hold" and an average target price of $122.31.
Check Out Our Latest Stock Analysis on Oshkosh
Oshkosh Trading Up 1.1 %
Oshkosh stock traded up $1.01 during mid-day trading on Wednesday, hitting $94.03. The company's stock had a trading volume of 455,693 shares, compared to its average volume of 607,921. Oshkosh Co. has a one year low of $89.08 and a one year high of $127.98. The stock has a market cap of $6.12 billion, a PE ratio of 9.13, a P/E/G ratio of 0.98 and a beta of 1.21. The company has a 50 day moving average of $102.88 and a 200-day moving average of $103.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46.
Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. On average, research analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current year.
Oshkosh Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.96%. Oshkosh's payout ratio is 17.86%.
About Oshkosh
(
Free Report)
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.
Recommended Stories
Before you consider Oshkosh, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oshkosh wasn't on the list.
While Oshkosh currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
