JPMorgan Chase & Co. Buys 28,478 Shares of Oshkosh Co. (NYSE:OSK)

JPMorgan Chase & Co. lifted its position in Oshkosh Co. (NYSE:OSK - Free Report) by 17.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 195,906 shares of the company's stock after buying an additional 28,478 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.30% of Oshkosh worth $19,632,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in OSK. Virtu Financial LLC acquired a new position in shares of Oshkosh during the 3rd quarter worth about $504,000. Y Intercept Hong Kong Ltd increased its position in Oshkosh by 57.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company's stock valued at $2,023,000 after acquiring an additional 7,334 shares during the period. Barclays PLC lifted its holdings in shares of Oshkosh by 40.9% during the third quarter. Barclays PLC now owns 111,710 shares of the company's stock worth $11,192,000 after purchasing an additional 32,435 shares during the period. Horizon Kinetics Asset Management LLC increased 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 valued at $14,144,000 after buying an additional 4,680 shares during the period. Finally, Equity Investment Corp raised its position 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 buying an additional 8,611 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

Shares of OSK traded down $2.35 during trading hours on Friday, reaching $89.74. 700,005 shares of the company traded hands, compared to its average volume of 604,301. The stock's fifty day moving average is $103.61 and its 200 day moving average is $104.01. 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 $5.84 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21. Oshkosh Co. has a 1-year low of $89.39 and a 1-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, topping the consensus estimate of $2.87 by $0.06. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Equities research analysts anticipate that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 2.05%. Oshkosh's payout ratio is presently 17.86%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Oshkosh from $113.00 to $116.00 and gave the company a "hold" rating in a research report on Thursday, December 19th. Robert W. Baird dropped their price target on Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. UBS Group reduced their target price on Oshkosh from $129.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has an average rating of "Hold" and a consensus target price of $124.62.

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.