Oshkosh Co. (NYSE:OSK) Shares Sold by Innealta Capital LLC

Innealta Capital LLC cut its position in Oshkosh Co. (NYSE:OSK) by 25.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,146 shares of the company’s stock after selling 724 shares during the quarter. Innealta Capital LLC’s holdings in Oshkosh were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in Oshkosh during the 2nd quarter worth $1,500,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Oshkosh during the 1st quarter worth about $1,507,000. M&G Plc acquired a new position in shares of Oshkosh during the 1st quarter worth about $15,102,000. Cetera Investment Advisers boosted its position in shares of Oshkosh by 772.9% during the 1st quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock worth $3,418,000 after acquiring an additional 24,269 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Oshkosh during the 2nd quarter worth about $1,545,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OSK has been the subject of several analyst reports. Robert W. Baird lowered their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday. 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 dropped their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Stifel Nicolaus dropped their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Truist Financial decreased their price objective 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Oshkosh has a consensus rating of “Hold” and a consensus target price of $123.14.

Oshkosh Stock Performance

Oshkosh stock opened at $103.19 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.46. The stock has a fifty day moving average of $102.73 and a two-hundred day moving average of $107.61. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 1.00 and a beta of 1.18. Oshkosh Co. has a fifty-two week low of $90.07 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly 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 company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. On average, analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, November 15th. Oshkosh’s dividend payout ratio is currently 17.86%.

About Oshkosh

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.