Janney Montgomery Scott LLC lessened its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 22.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,424 shares of the company's stock after selling 9,066 shares during the quarter. Janney Montgomery Scott LLC's holdings in Oshkosh were worth $3,149,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Oshkosh by 10.1% in the first quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company's stock valued at $978,797,000 after buying an additional 718,122 shares in the last quarter. American Century Companies Inc. lifted its position in Oshkosh by 19.6% in the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company's stock valued at $155,235,000 after acquiring an additional 235,496 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Oshkosh by 3,329.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company's stock valued at $24,073,000 after purchasing an additional 233,218 shares during the last quarter. M&G Plc bought a new stake in Oshkosh during the 1st quarter worth approximately $15,102,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Oshkosh in the second quarter worth approximately $11,368,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
OSK has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a report on Monday, October 14th. 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. Truist Financial dropped their price target 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. Robert W. Baird reduced their price objective on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Finally, Evercore ISI dropped their target price on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Oshkosh currently has an average rating of "Hold" and a consensus target price of $123.14.
View Our Latest Stock Report on OSK
Oshkosh Stock Performance
Shares of NYSE:OSK traded up $0.89 during trading on Monday, hitting $112.52. 343,538 shares of the company were exchanged, compared to its average volume of 511,084. The company has a market cap of $7.32 billion, a PE ratio of 10.84, a P/E/G ratio of 1.09 and a beta of 1.18. Oshkosh Co. has a 52-week low of $93.27 and a 52-week high of $127.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The stock has a 50 day moving average of $102.99 and a 200 day moving average of $107.19.
Oshkosh (NYSE:OSK - Get Free Report) last issued 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. 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 the consensus estimate of $2.63 billion. As a group, equities research analysts predict that Oshkosh Co. will post 11.35 EPS for the current year.
Oshkosh Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, November 15th. Oshkosh's dividend payout ratio is presently 17.86%.
About Oshkosh
(
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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