Quantinno Capital Management LP Increases Holdings in Oshkosh Co. (NYSE:OSK)

Quantinno Capital Management LP boosted its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 25.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,829 shares of the company's stock after acquiring an additional 12,390 shares during the period. Quantinno Capital Management LP owned about 0.09% of Oshkosh worth $6,096,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. AE Wealth Management LLC raised its position in shares of Oshkosh by 7.3% during the 2nd quarter. AE Wealth Management LLC now owns 1,863 shares of the company's stock worth $202,000 after purchasing an additional 127 shares during the period. GAMMA Investing LLC raised its position in shares of Oshkosh by 26.2% during the second 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. KBC Group NV boosted its holdings in shares of Oshkosh by 15.2% in the third quarter. KBC Group NV now owns 1,666 shares of the company's stock worth $167,000 after buying an additional 220 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Oshkosh by 1.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 22,615 shares of the company's stock valued at $2,447,000 after acquiring an additional 235 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in Oshkosh during the third quarter valued at $25,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Robert W. Baird decreased their price objective on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Evercore ISI reduced their target price on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. Finally, Truist Financial dropped their price objective on Oshkosh from $126.00 to $114.00 and set a "hold" rating for the company 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 issued a buy rating to the stock. Based on data from MarketBeat, Oshkosh has a consensus rating of "Hold" and an average price target of $123.14.

Oshkosh Stock Performance

NYSE OSK traded down $5.25 on Friday, reaching $106.63. 1,756,418 shares of the stock were exchanged, compared to its average volume of 403,181. Oshkosh Co. has a one year low of $93.34 and a one 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 firm has a market capitalization of $6.94 billion, a PE ratio of 10.35, a PEG ratio of 1.11 and a beta of 1.19. The company's 50-day simple moving average is $107.14 and its two-hundred day simple moving average is $106.45.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating 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 business had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.63 billion. Analysts expect that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.73%. Oshkosh's dividend payout ratio is presently 17.86%.

Oshkosh Company 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.