Virtu Financial LLC Buys Shares of 5,025 Oshkosh Co. (NYSE:OSK)

Virtu Financial LLC bought a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,025 shares of the company's stock, valued at approximately $504,000.

Several other large investors have also recently bought and sold shares of OSK. AE Wealth Management LLC raised its holdings in Oshkosh by 7.3% during the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company's stock worth $202,000 after purchasing an additional 127 shares in the last quarter. KBC Group NV raised its stake in Oshkosh by 15.2% during the 3rd quarter. KBC Group NV now owns 1,666 shares of the company's stock worth $167,000 after acquiring an additional 220 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Oshkosh by 1.1% in the second 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 during the last quarter. V Square Quantitative Management LLC acquired a new position in Oshkosh in the third quarter valued at $25,000. Finally, ABLE Financial Group LLC grew its holdings in shares of Oshkosh by 4.6% during the second quarter. ABLE Financial Group LLC now owns 5,635 shares of the company's stock worth $610,000 after purchasing an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

NYSE OSK traded down $0.91 during trading hours on Monday, hitting $99.09. 796,122 shares of the stock were exchanged, compared to its average volume of 514,495. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19. Oshkosh Co. has a 12-month low of $93.34 and a 12-month high of $127.98. The stock has a 50-day moving average of $107.37 and a 200 day moving average of $105.87.

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

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given 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 1.86%. Oshkosh's payout ratio is currently 17.86%.

Analyst Ratings Changes

OSK has been the subject of several research reports. JPMorgan Chase & Co. boosted 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. Evercore ISI reduced their price objective on Oshkosh from $137.00 to $119.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Robert W. Baird lowered their target price 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. Truist Financial cut 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. Finally, UBS Group decreased their price target on shares of Oshkosh from $129.00 to $125.00 and set a "buy" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Oshkosh has a consensus rating of "Hold" and a consensus price target of $122.86.

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.