Equity Investment Corp Boosts Stake in Oshkosh Co. (NYSE:OSK)

Equity Investment Corp raised its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 588,884 shares of the company's stock after acquiring an additional 8,611 shares during the period. Equity Investment Corp owned approximately 0.91% of Oshkosh worth $59,012,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. V Square Quantitative Management LLC bought a new stake in shares of Oshkosh in the 3rd quarter worth about $25,000. Bessemer Group Inc. raised its position in Oshkosh by 280.6% during the first quarter. Bessemer Group Inc. now owns 392 shares of the company's stock valued at $49,000 after purchasing an additional 289 shares during the period. 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 valued at $67,000 after purchasing an additional 612 shares during the last quarter. Eagle Bay Advisors LLC boosted its holdings in shares of Oshkosh by 547.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company's stock worth $72,000 after purchasing an additional 564 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Oshkosh by 26.2% during the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company's stock valued at $79,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Up 0.6 %

NYSE OSK traded up $0.64 during trading on Monday, reaching $109.24. 578,269 shares of the company's stock traded hands, compared to its average volume of 510,425. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. The company's 50 day simple moving average is $104.14 and its two-hundred day simple moving average is $106.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh Co. has a 12-month low of $93.34 and a 12-month high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping analysts' consensus estimates of $2.87 by $0.06. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. As a group, sell-side analysts forecast that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, November 15th. Oshkosh's dividend payout ratio (DPR) is presently 17.86%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OSK. Robert W. Baird cut their price objective on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus cut their price target on shares of Oshkosh from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Truist Financial reduced their price objective 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. Evercore ISI dropped their target price on Oshkosh from $137.00 to $119.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. Finally, JPMorgan Chase & Co. increased 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.