AQR Capital Management LLC Has $66.41 Million Stock Holdings in Oshkosh Co. (NYSE:OSK)

AQR Capital Management LLC boosted its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 15.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 623,463 shares of the company's stock after purchasing an additional 85,698 shares during the period. AQR Capital Management LLC owned approximately 0.96% of Oshkosh worth $66,405,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of OSK. Franklin Resources Inc. increased its position in shares of Oshkosh by 408.8% in the fourth quarter. Franklin Resources Inc. now owns 64,407 shares of the company's stock worth $6,982,000 after acquiring an additional 51,748 shares in the last quarter. Commerce Bank acquired a new stake in shares of Oshkosh in the fourth quarter worth $638,000. Hsbc Holdings PLC increased its position in shares of Oshkosh by 26.4% in the fourth quarter. Hsbc Holdings PLC now owns 99,681 shares of the company's stock worth $10,836,000 after acquiring an additional 20,798 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in Oshkosh by 4.2% during the 4th quarter. Treasurer of the State of North Carolina now owns 29,829 shares of the company's stock valued at $3,234,000 after purchasing an additional 1,201 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its holdings in Oshkosh by 13,150.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,325 shares of the company's stock valued at $144,000 after purchasing an additional 1,315 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OSK. Jefferies Financial Group lowered their price target on shares of Oshkosh from $135.00 to $105.00 and set a "hold" rating for the company in a report on Thursday, July 11th. 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 report on Thursday, August 1st. JPMorgan Chase & Co. lowered their price target on shares of Oshkosh from $130.00 to $120.00 and set a "neutral" rating for the company in a report on Wednesday, July 10th. 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. Finally, Truist Financial raised their price objective on shares of Oshkosh from $123.00 to $126.00 and gave the stock a "hold" rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $125.79.

Oshkosh Stock Performance

NYSE:OSK traded up $0.82 during mid-day trading on Friday, hitting $100.19. The stock had a trading volume of 987,013 shares, compared to its average volume of 500,446. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 0.97 and a beta of 1.19. The company has a 50 day simple moving average of $103.60 and a 200-day simple moving average of $110.82. Oshkosh Co. has a 52 week low of $86.10 and a 52 week high of $127.98. The company has a current ratio of 1.44, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.34. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. Oshkosh's quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the firm posted $2.69 EPS. On average, research analysts expect that Oshkosh Co. will post 11.62 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.84 annualized dividend and a dividend yield of 1.84%. Oshkosh's dividend payout ratio is currently 17.61%.

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.