M&G Plc Boosts Stock Position in Oshkosh Co. (NYSE:OSK)

M&G PLC lifted its position in Oshkosh Co. (NYSE:OSK - Free Report) by 7.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,700 shares of the company's stock after acquiring an additional 9,054 shares during the quarter. M&G PLC owned 0.21% of Oshkosh worth $13,770,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OSK. Vanguard Group Inc. lifted its stake in Oshkosh by 10.1% in the first quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company's stock worth $978,797,000 after purchasing an additional 718,122 shares during the last quarter. American Century Companies Inc. boosted its holdings in Oshkosh by 19.6% during 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 during the period. Assenagon Asset Management S.A. grew its position in Oshkosh by 3,329.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company's stock valued at $24,073,000 after acquiring an additional 233,218 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Oshkosh in the second quarter worth $11,368,000. Finally, AQR Capital Management LLC increased its stake in Oshkosh by 15.9% in the second quarter. AQR Capital Management LLC now owns 623,463 shares of the company's stock worth $66,405,000 after purchasing an additional 85,698 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Down 0.6 %

Shares of OSK stock traded down $0.65 during mid-day trading on Friday, hitting $111.61. 513,970 shares of the stock traded hands, compared to its average volume of 637,822. The stock's fifty day moving average is $102.91 and its two-hundred day moving average is $107.43. 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 52-week low of $90.56 and a 52-week high of $127.98. The stock has a market cap of $7.26 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.13 and a beta of 1.18.

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

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.65%. Oshkosh's dividend payout ratio (DPR) is currently 17.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on OSK shares. Evercore ISI cut their price target on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Stifel Nicolaus reduced their target price on shares of Oshkosh from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, August 1st. Robert W. Baird decreased their price target on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Finally, Truist Financial decreased their target price on Oshkosh from $126.00 to $114.00 and set a "hold" rating for the company in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target 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.