Y Intercept Hong Kong Ltd Acquires 7,334 Shares of Oshkosh Co. (NYSE:OSK)

Y Intercept Hong Kong Ltd boosted its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 57.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,184 shares of the company's stock after buying an additional 7,334 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Oshkosh were worth $2,023,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Oshkosh by 36.2% in the second quarter. CWM LLC now owns 5,644 shares of the company's stock valued at $611,000 after buying an additional 1,500 shares during the period. SG Americas Securities LLC bought a new stake in shares of Oshkosh in the second quarter valued at approximately $1,500,000. M&G Plc lifted its stake in shares of Oshkosh by 6.5% during the 2nd quarter. M&G Plc now owns 128,646 shares of the company's stock valued at $13,894,000 after buying an additional 7,832 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Oshkosh by 5.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,104 shares of the company's stock worth $1,201,000 after buying an additional 532 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Oshkosh by 8.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,086 shares of the company's stock valued at $1,416,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Price Performance

Shares of Oshkosh stock traded down $2.63 during trading on Tuesday, hitting $101.49. 798,974 shares of the stock traded hands, compared to its average volume of 512,482. The firm's fifty day moving average is $107.28 and its 200-day moving average is $106.11. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.05 and a beta of 1.19. Oshkosh Co. has a 52 week low of $93.34 and a 52 week high of $127.98. 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 (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping analysts' consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The firm 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 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.81%. Oshkosh's dividend payout ratio is currently 17.86%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. raised 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. Robert W. Baird decreased their price target on Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. Evercore ISI cut their price objective on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. Finally, Truist Financial decreased their target price on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $123.14.

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.