Oshkosh Co. (NYSE:OSK) Shares Bought by Equity Investment Corp

Equity Investment Corp grew its holdings in shares of Oshkosh Co. (NYSE:OSK) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 588,884 shares of the company’s stock after purchasing an additional 8,611 shares during the period. Equity Investment Corp’s holdings in Oshkosh were worth $59,012,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OSK. Vanguard Group Inc. boosted its stake in shares of Oshkosh by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock worth $978,797,000 after acquiring an additional 718,122 shares in the last quarter. Greenhaven Associates Inc. lifted its stake in shares of Oshkosh by 0.8% during the 3rd quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock worth $254,181,000 after purchasing an additional 19,442 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Oshkosh by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after purchasing an additional 78,235 shares during the period. American Century Companies Inc. lifted its stake in shares of Oshkosh by 19.6% during the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after purchasing an additional 235,496 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Oshkosh by 2.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 884,797 shares of the company’s stock worth $110,484,000 after buying an additional 21,063 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

NYSE:OSK opened at $108.60 on Monday. The firm has a market cap of $7.07 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. Oshkosh Co. has a 12 month low of $93.34 and a 12 month high of $127.98. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $103.91 and its two-hundred day moving average price is $107.01.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. On average, equities analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current fiscal 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 given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio is 17.86%.

Wall Street Analyst Weigh In

OSK has been the subject of several recent research reports. Robert W. Baird lowered their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus reduced their price target 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. Evercore ISI reduced their price target 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. JPMorgan Chase & Co. raised their target price on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Truist Financial cut their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a 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 issued a buy rating to the company’s stock. According to MarketBeat, Oshkosh presently has a consensus rating of “Hold” and a consensus price target of $123.14.

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.