Horizon Kinetics Asset Management LLC Acquires 4,680 Shares of Oshkosh Co. (NYSE:OSK)

Horizon Kinetics Asset Management LLC lifted its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 141,140 shares of the company's stock after purchasing an additional 4,680 shares during the period. Horizon Kinetics Asset Management LLC owned approximately 0.22% of Oshkosh worth $14,144,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. SG Americas Securities LLC bought a new position in Oshkosh in the 2nd quarter valued at $1,500,000. Cetera Investment Advisers boosted its holdings in Oshkosh by 772.9% in the first quarter. Cetera Investment Advisers now owns 27,409 shares of the company's stock valued at $3,418,000 after acquiring an additional 24,269 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Oshkosh in the second quarter worth about $1,545,000. Equity Investment Corp raised its holdings in Oshkosh by 1.5% during the 3rd quarter. Equity Investment Corp now owns 588,884 shares of the company's stock worth $59,012,000 after purchasing an additional 8,611 shares during the last quarter. Finally, M&G Plc lifted its position in Oshkosh by 6.5% during the 2nd quarter. M&G Plc now owns 128,646 shares of the company's stock valued at $13,894,000 after purchasing an additional 7,832 shares during the period. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Up 2.1 %

OSK traded up $2.33 during trading on Monday, reaching $114.14. The company had a trading volume of 373,528 shares, compared to its average volume of 508,353. The business's fifty day moving average price is $105.26 and its 200 day moving average price is $106.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh Co. has a 12 month low of $93.34 and a 12 month high of $127.98. The company has a market cap of $7.43 billion, a P/E ratio of 11.08, a PEG ratio of 1.10 and a beta of 1.18.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.87 by $0.06. The business had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Equities analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.61%. Oshkosh's payout ratio is presently 17.86%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OSK shares. Stifel Nicolaus lowered their price target on shares of Oshkosh from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, August 1st. Truist Financial dropped their target price 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. raised their price target on Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. Robert W. Baird dropped their price objective 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 reduced their target price on Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. One 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, the stock has a consensus rating of "Hold" and a consensus target price of $123.14.

Oshkosh Company 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.