SpiderRock Advisors LLC Acquires New Stake in Oshkosh Co. (NYSE:OSK)

SpiderRock Advisors LLC acquired a new stake in Oshkosh Co. (NYSE:OSK) during the third quarter, according to its most recent filing with the SEC. The firm acquired 20,321 shares of the company’s stock, valued at approximately $2,036,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OSK. V Square Quantitative Management LLC purchased a new position in Oshkosh in the 3rd quarter valued at $25,000. Headlands Technologies LLC purchased a new position in Oshkosh in the 1st quarter valued at $31,000. Bessemer Group Inc. grew its position in Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after buying an additional 289 shares during the last quarter. Versant Capital Management Inc grew its position in Oshkosh by 5,563.6% in the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock valued at $67,000 after buying an additional 612 shares during the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in shares of Oshkosh by 547.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock worth $72,000 after purchasing an additional 564 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Robert W. Baird decreased 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 decreased their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted 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. Finally, 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh presently has a consensus rating of “Hold” and a consensus price target of $123.14.

Oshkosh Trading Down 0.6 %

NYSE OSK opened at $111.63 on Friday. Oshkosh Co. has a 12 month low of $90.56 and a 12 month high of $127.98. The company has a 50-day moving average of $102.99 and a 200-day moving average of $107.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The company has a market cap of $7.26 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.13 and a beta of 1.18.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS 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 company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. As a group, equities analysts predict that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

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