Los Angeles Capital Management LLC trimmed its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 97.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,200 shares of the company's stock after selling 198,644 shares during the period. Los Angeles Capital Management LLC's holdings in Oshkosh were worth $421,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of OSK. AE Wealth Management LLC increased its holdings in shares of Oshkosh by 7.3% in the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company's stock valued at $202,000 after purchasing an additional 127 shares during the last quarter. US Bancorp DE grew its holdings in shares of Oshkosh by 3.0% in the first quarter. US Bancorp DE now owns 4,522 shares of the company's stock valued at $564,000 after purchasing an additional 132 shares in the last quarter. GAMMA Investing LLC increased its stake in Oshkosh by 26.2% during the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company's stock worth $79,000 after buying an additional 152 shares during the period. Hudson Valley Investment Advisors Inc. ADV lifted its holdings in Oshkosh by 4.6% during the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 4,963 shares of the company's stock worth $528,000 after buying an additional 220 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Oshkosh by 1.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 22,615 shares of the company's stock valued at $2,447,000 after buying an additional 235 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.
Analyst Upgrades and Downgrades
OSK has been the topic of several analyst reports. Robert W. Baird reduced their price objective on Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Stifel Nicolaus lowered their price objective on Oshkosh from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, August 1st. Evercore ISI decreased their price target on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Finally, Truist Financial dropped their price objective on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Oshkosh currently has an average rating of "Hold" and an average target price of $123.14.
Get Our Latest Stock Analysis on Oshkosh
Oshkosh Stock Performance
NYSE:OSK traded up $0.64 during mid-day trading on Monday, reaching $109.24. 578,269 shares of the stock were exchanged, compared to its average volume of 510,425. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a 1 year low of $93.34 and a 1 year high of $127.98. The company has a 50 day simple moving average of $104.14 and a 200-day simple moving average of $106.98. The stock has a market capitalization of $7.11 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.06 and a beta of 1.18.
Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Analysts anticipate that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.
Oshkosh Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, November 15th. Oshkosh's dividend payout ratio (DPR) is presently 17.86%.
Oshkosh Company Profile
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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.
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