Intech Investment Management LLC Purchases New Shares in Oshkosh Co. (NYSE:OSK)

Intech Investment Management LLC acquired a new position in Oshkosh Co. (NYSE:OSK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 14,474 shares of the company’s stock, valued at approximately $1,566,000.

A number of other institutional investors have also recently bought and sold shares of OSK. Vanguard Group Inc. raised its position in shares of Oshkosh by 10.1% in the first quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock valued at $978,797,000 after buying an additional 718,122 shares in the last quarter. Greenhaven Associates Inc. increased its stake in Oshkosh by 1.5% during the 2nd quarter. Greenhaven Associates Inc. now owns 2,517,042 shares of the company’s stock worth $272,344,000 after acquiring an additional 36,953 shares during the period. LSV Asset Management raised its holdings in Oshkosh by 5.5% in the 1st quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock valued at $243,274,000 after acquiring an additional 102,330 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 valued at $196,370,000 after acquiring an additional 78,235 shares during the period. Finally, American Century Companies Inc. grew its holdings 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 in the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Up 1.0 %

Shares of NYSE OSK opened at $101.58 on Tuesday. Oshkosh Co. has a 1 year low of $86.10 and a 1 year high of $127.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. The firm has a market cap of $6.64 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 0.97 and a beta of 1.19. The company has a 50 day simple moving average of $104.40 and a 200 day simple moving average of $111.17.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. Oshkosh’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.69 earnings per share. On average, research analysts forecast that Oshkosh Co. will post 11.7 EPS for the current year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors 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 1.81%. The ex-dividend date was Friday, August 16th. Oshkosh’s dividend payout ratio is currently 17.61%.

Analyst Upgrades and Downgrades

OSK has been the subject of a number of analyst reports. Stifel Nicolaus dropped their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Citigroup assumed coverage on shares of Oshkosh in a research report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 target price for the company. Raymond James initiated coverage on shares of Oshkosh in a research report on Friday, June 28th. They set an “outperform” rating and a $125.00 price target on the stock. Truist Financial boosted their price objective on shares of Oshkosh from $123.00 to $126.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, Bank of America raised their target price on Oshkosh from $108.00 to $112.00 and gave the company an “underperform” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.