Parcion Private Wealth LLC Increases Stock Holdings in Oshkosh Co. (NYSE:OSK)

Parcion Private Wealth LLC grew its stake in Oshkosh Co. (NYSE:OSK) by 15.1% during the third quarter, HoldingsChannel reports. The firm owned 39,540 shares of the company’s stock after purchasing an additional 5,182 shares during the quarter. Parcion Private Wealth LLC’s holdings in Oshkosh were worth $3,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in Oshkosh in the 3rd quarter valued at $25,000. Atlas Capital Advisors LLC lifted its position in Oshkosh by 161.6% in the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 139 shares during the period. Headlands Technologies LLC purchased a new stake in Oshkosh in the 1st quarter valued at approximately $31,000. Bessemer Group Inc. increased its position in Oshkosh by 280.6% during the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after purchasing an additional 289 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Oshkosh by 5,563.6% during the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock worth $67,000 after buying an additional 612 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OSK. Truist Financial decreased their price target on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI decreased their target price 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. Jefferies Financial Group cut their price target on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Raymond James initiated coverage on shares of Oshkosh in a research note on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Oshkosh currently has a consensus rating of “Hold” and a consensus target price of $125.29.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $106.19 on Friday. Oshkosh Co. has a one year low of $86.10 and a one year high of $127.98. The stock has a market cap of $6.91 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19. The business’s fifty day moving average price is $102.55 and its two-hundred day moving average price is $108.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 EPS. On average, analysts forecast that Oshkosh Co. will post 11.33 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Friday, August 16th. Oshkosh’s payout ratio is 17.79%.

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.