Fmr LLC Raises Holdings in Oshkosh Co. (NYSE:OSK)

FMR LLC boosted its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 3.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,223,891 shares of the company's stock after acquiring an additional 39,235 shares during the quarter. FMR LLC owned 1.88% of Oshkosh worth $122,646,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OSK. V Square Quantitative Management LLC acquired a new stake in Oshkosh during the 3rd quarter worth approximately $25,000. Eagle Bay Advisors LLC grew its stake in Oshkosh by 547.6% during 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 in the last quarter. GAMMA Investing LLC increased its holdings in Oshkosh by 26.2% during the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company's stock worth $79,000 after purchasing an additional 152 shares during the period. International Assets Investment Management LLC increased its holdings in Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company's stock worth $90,000 after purchasing an additional 893 shares during the period. Finally, Venturi Wealth Management LLC raised its position in Oshkosh by 35.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company's stock valued at $100,000 after purchasing an additional 262 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Performance

OSK stock traded down $1.55 on Thursday, hitting $111.88. The company's stock had a trading volume of 448,325 shares, compared to its average volume of 504,060. Oshkosh Co. has a 1 year low of $93.34 and a 1 year high of $127.98. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 1.10 and a beta of 1.19. The firm has a 50 day moving average of $106.76 and a two-hundred day moving average of $106.50.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate 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%. Equities analysts predict that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh's dividend payout ratio is presently 17.86%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on OSK shares. Robert W. Baird cut their target price on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Evercore ISI dropped their price objective 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. Truist Financial decreased their price objective on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating for the company in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. increased their target price on Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a report on Monday, October 14th. One investment 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.com, Oshkosh presently 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.