Oshkosh Co. (NYSE:OSK) Stake Lessened by Blair William & Co. IL

Blair William & Co. IL trimmed its holdings in shares of Oshkosh Co. (NYSE:OSK) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,722 shares of the company’s stock after selling 241 shares during the period. Blair William & Co. IL’s holdings in Oshkosh were worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of OSK. Vanguard Group Inc. lifted its holdings 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 valued at $978,797,000 after buying an additional 718,122 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Oshkosh by 19.6% in the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after buying an additional 235,496 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Oshkosh during the 4th quarter worth about $23,926,000. M&G Plc acquired a new position in shares of Oshkosh during the 1st quarter valued at about $15,102,000. Finally, Renaissance Technologies LLC bought a new position in shares of Oshkosh in the 2nd quarter valued at approximately $11,368,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Up 1.0 %

Shares of Oshkosh stock opened at $101.58 on Tuesday. 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 company has a market capitalization of $6.64 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 0.97 and a beta of 1.19. The business has a 50-day moving average of $104.40 and a two-hundred day moving average of $111.17. Oshkosh Co. has a 1 year low of $86.10 and a 1 year high of $127.98.

Oshkosh (NYSE:OSK) last announced its 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 business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the prior year, the company posted $2.69 earnings per share. The firm’s revenue was up 18.0% on a year-over-year basis. As a group, equities analysts predict that Oshkosh Co. will post 11.7 EPS for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Friday, August 16th. Oshkosh’s dividend payout ratio (DPR) is currently 17.61%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OSK. Evercore ISI lowered 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. Citigroup assumed coverage on Oshkosh in a research note on Wednesday, June 26th. They set a “buy” rating and a $130.00 target price for the company. Stifel Nicolaus cut their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Truist Financial boosted their target price on shares of Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.