Holocene Advisors LP Acquires New Holdings in Oshkosh Co. (NYSE:OSK)

Holocene Advisors LP purchased a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 53,634 shares of the company's stock, valued at approximately $5,375,000. Holocene Advisors LP owned 0.08% of Oshkosh as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Centiva Capital LP raised its position in Oshkosh by 40.8% in the 3rd quarter. Centiva Capital LP now owns 13,352 shares of the company's stock worth $1,338,000 after purchasing an additional 3,869 shares during the last quarter. Paloma Partners Management Co grew its holdings in shares of Oshkosh by 30.4% in the 3rd quarter. Paloma Partners Management Co now owns 2,928 shares of the company's stock valued at $293,000 after buying an additional 683 shares during the period. Edgestream Partners L.P. raised its position in shares of Oshkosh by 704.3% during the third quarter. Edgestream Partners L.P. now owns 68,023 shares of the company's stock worth $6,817,000 after purchasing an additional 59,566 shares during the period. FORA Capital LLC bought a new stake in shares of Oshkosh during the third quarter worth $1,443,000. Finally, Bridgewater Associates LP bought a new stake in Oshkosh in the 3rd quarter valued at approximately $781,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Price Performance

OSK traded down $1.55 during trading on Thursday, reaching $111.88. The stock had a trading volume of 448,325 shares, compared to its average volume of 504,060. The stock has a market cap of $7.28 billion, a PE ratio of 11.01, a PEG ratio of 1.10 and a beta of 1.19. Oshkosh Co. has a one year low of $93.34 and a one year high of $127.98. The business has a 50-day moving average of $106.76 and a 200-day moving average of $106.50. 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 earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.06. The company had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. As a group, equities research analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm 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. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Friday, November 15th. Oshkosh's dividend payout ratio is 17.86%.

Analyst Ratings Changes

OSK has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a report on Monday, October 14th. Robert W. Baird decreased their price target on Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. Truist Financial decreased their price target on Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. Finally, Evercore ISI lowered their price target on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating for the company in a report on Monday, August 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average 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.