Parcion Private Wealth LLC Raises Stake in Oshkosh Co. (NYSE:OSK)

Parcion Private Wealth LLC increased its holdings in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 15.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,540 shares of the company's stock after purchasing an additional 5,182 shares during the period. Parcion Private Wealth LLC owned 0.06% of Oshkosh worth $3,962,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of OSK. V Square Quantitative Management LLC acquired a new stake in shares of Oshkosh in the 3rd quarter worth $25,000. Atlas Capital Advisors LLC lifted its stake in shares of Oshkosh by 161.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company's stock worth $28,000 after acquiring an additional 139 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Oshkosh in the 1st quarter worth $31,000. Bessemer Group Inc. lifted its stake in shares of Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company's stock worth $49,000 after acquiring an additional 289 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Oshkosh by 5,563.6% in the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company's stock worth $67,000 after acquiring an additional 612 shares during the period. Institutional investors and hedge funds own 92.36% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial reduced their target price on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. Stifel Nicolaus reduced their target price on shares of Oshkosh from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, August 1st. Evercore ISI cut 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. Raymond James initiated coverage on shares of Oshkosh in a report on Friday, June 28th. They issued an "outperform" rating and a $125.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a report on Monday, October 14th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $125.29.

Oshkosh Price Performance

NYSE:OSK traded up $1.94 during mid-day trading on Friday, hitting $106.10. 626,050 shares of the company's stock traded hands, compared to its average volume of 499,663. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. The firm's 50 day simple moving average is $102.55 and its 200 day simple moving average is $108.17. Oshkosh Co. has a 1 year low of $86.10 and a 1 year high of $127.98. The company has a market cap of $6.91 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results 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 during 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%. The firm's revenue for the quarter was up 18.0% on a year-over-year basis. During the same period last year, the firm posted $2.69 EPS. Sell-side analysts expect that Oshkosh Co. will post 11.33 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, August 16th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.73%. Oshkosh's dividend payout ratio (DPR) is presently 17.79%.

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.