Public Employees Retirement System of Ohio Has $2.89 Million Position in Oshkosh Co. (NYSE:OSK)

Public Employees Retirement System of Ohio lessened its stake in shares of Oshkosh Co. (NYSE:OSK) by 42.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 28,797 shares of the company’s stock after selling 20,816 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Oshkosh were worth $2,886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AE Wealth Management LLC raised its holdings in Oshkosh by 7.3% in the 2nd quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after acquiring an additional 127 shares during the period. KBC Group NV lifted its holdings 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 purchasing an additional 220 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Oshkosh by 1.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 22,615 shares of the company’s stock valued at $2,447,000 after purchasing an additional 235 shares during the period. V Square Quantitative Management LLC acquired a new position in Oshkosh in the 3rd quarter valued at $25,000. Finally, ABLE Financial Group LLC increased its position in Oshkosh by 4.6% during the 2nd quarter. ABLE Financial Group LLC now owns 5,635 shares of the company’s stock worth $610,000 after buying an additional 249 shares during the period. Institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. UBS Group lowered their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Evercore ISI cut their price target 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 reduced their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Truist Financial dropped their price objective on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $122.86.

Oshkosh Trading Down 0.9 %

NYSE OSK opened at $99.09 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a 52 week low of $93.34 and a 52 week high of $127.98. The business has a 50 day moving average price of $107.32 and a 200-day moving average price of $105.78. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 0.98 and a beta of 1.19.

Oshkosh (NYSE:OSK) last released its quarterly earnings data 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 firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. As a group, equities analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.86%. Oshkosh’s dividend payout ratio (DPR) 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.