Covestor Ltd Boosts Position in Oshkosh Co. (NYSE:OSK)

Covestor Ltd raised its stake in Oshkosh Co. (NYSE:OSK) by 18.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,011 shares of the company’s stock after purchasing an additional 933 shares during the period. Oshkosh accounts for about 0.4% of Covestor Ltd’s holdings, making the stock its 20th biggest position. Covestor Ltd’s holdings in Oshkosh were worth $603,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Oshkosh by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock valued at $978,797,000 after purchasing an additional 718,122 shares during the last quarter. Greenhaven Associates Inc. lifted its stake in Oshkosh by 0.8% in the third quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock valued at $254,181,000 after buying an additional 19,442 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Oshkosh by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock valued at $196,370,000 after acquiring an additional 78,235 shares during the period. American Century Companies Inc. grew its position in shares of Oshkosh by 19.6% during the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after acquiring an additional 235,496 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Oshkosh by 2.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 884,797 shares of the company’s stock valued at $110,484,000 after acquiring an additional 21,063 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OSK. JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Robert W. Baird decreased their target price 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. 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 report on Thursday, August 1st. Truist Financial reduced their price objective on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, Evercore ISI lowered their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. One research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $123.14.

Oshkosh Stock Down 0.6 %

Oshkosh stock opened at $111.63 on Friday. The stock’s 50 day moving average price is $102.99 and its 200 day moving average price is $107.28. The company has a market cap of $7.26 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.13 and a beta of 1.18. 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 1-year low of $90.56 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping 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. On average, sell-side analysts predict that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.65%. Oshkosh’s payout ratio is 17.86%.

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.