13,936 Shares in Oshkosh Co. (NYSE:OSK) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Oshkosh Co. (NYSE:OSK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,936 shares of the company’s stock, valued at approximately $1,508,000.

Several other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of Oshkosh by 408.8% during the fourth quarter. Franklin Resources Inc. now owns 64,407 shares of the company’s stock valued at $6,982,000 after purchasing an additional 51,748 shares during the period. SG Americas Securities LLC bought a new stake in Oshkosh in the 2nd quarter valued at $1,500,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Oshkosh in the 1st quarter valued at $1,507,000. M&G Plc bought a new position in shares of Oshkosh during the 1st quarter worth about $15,102,000. Finally, Cetera Investment Advisers boosted its position in shares of Oshkosh by 772.9% during the 1st quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock valued at $3,418,000 after acquiring an additional 24,269 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of OSK stock opened at $102.50 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a 12 month low of $86.10 and a 12 month high of $127.98. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 0.93 and a beta of 1.19. The stock has a 50-day moving average price of $104.79 and a 200 day moving average price of $111.38.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping the consensus estimate of $3.00 by $0.34. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the previous year, the company earned $2.69 EPS. Oshkosh’s revenue was up 18.0% on a year-over-year basis. Research analysts expect that Oshkosh Co. will post 11.66 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Friday, August 16th. Oshkosh’s dividend payout ratio (DPR) is currently 17.61%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on OSK shares. JPMorgan Chase & Co. dropped their price target on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Bank of America raised their target price on Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 28th. Jefferies Financial Group decreased their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Stifel Nicolaus dropped their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Evercore ISI reduced their target price on shares of 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, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh presently has an average rating of “Hold” and an average price target of $125.79.

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.