NFJ Investment Group LLC Has $6.34 Million Holdings in Oshkosh Co. (NYSE:OSK)

NFJ Investment Group LLC increased its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 136.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,299 shares of the company's stock after purchasing an additional 36,476 shares during the quarter. NFJ Investment Group LLC owned 0.10% of Oshkosh worth $6,343,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Oshkosh during the third quarter worth $25,000. Brooklyn Investment Group bought a new stake in Oshkosh in the third quarter valued at $34,000. Eagle Bay Advisors LLC lifted its stake in Oshkosh by 547.6% in the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company's stock valued at $72,000 after buying an additional 564 shares during the last quarter. GAMMA Investing LLC lifted its stake in Oshkosh by 26.2% in the second quarter. GAMMA Investing LLC now owns 733 shares of the company's stock valued at $79,000 after buying an additional 152 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Oshkosh by 9,922.2% in the third quarter. International Assets Investment Management LLC now owns 902 shares of the company's stock valued at $90,000 after buying an additional 893 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OSK has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Evercore ISI lowered their price target on Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Robert W. Baird lowered their price target on Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Finally, Truist Financial lowered their price target on Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Oshkosh currently has an average rating of "Hold" and an average target price of $123.14.

Oshkosh Price Performance

NYSE:OSK traded up $0.61 during mid-day trading on Wednesday, reaching $113.20. 294,813 shares of the stock were exchanged, compared to its average volume of 503,333. The company has a current ratio of 1.46, a quick ratio of 0.79 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 firm has a market capitalization of $7.37 billion, a PE ratio of 10.93, a PEG ratio of 1.10 and a beta of 1.19. The business has a fifty day moving average price of $106.48 and a 200 day moving average price of $106.45.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating analysts' consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Research analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently disclosed 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 was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.63%. Oshkosh's payout ratio is presently 17.86%.

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.