Raymond James & Associates Buys 1,537 Shares of Oshkosh Co. (NYSE:OSK)

Raymond James & Associates grew its stake in Oshkosh Co. (NYSE:OSK) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,269 shares of the company’s stock after acquiring an additional 1,537 shares during the period. Raymond James & Associates owned 0.12% of Oshkosh worth $7,743,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Valley National Advisers Inc. grew its stake in Oshkosh by 18.2% in the first quarter. Valley National Advisers Inc. now owns 623 shares of the company’s stock worth $77,000 after purchasing an additional 96 shares in the last quarter. AE Wealth Management LLC grew its position in shares of Oshkosh by 7.3% during the 2nd quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock worth $202,000 after buying an additional 127 shares in the last quarter. US Bancorp DE increased its stake in shares of Oshkosh by 3.0% during the first quarter. US Bancorp DE now owns 4,522 shares of the company’s stock valued at $564,000 after buying an additional 132 shares during the period. GAMMA Investing LLC raised its holdings in shares of Oshkosh by 26.2% in the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after acquiring an additional 152 shares in the last quarter. Finally, NorthRock Partners LLC raised its holdings in shares of Oshkosh by 6.0% in the first quarter. NorthRock Partners LLC now owns 2,735 shares of the company’s stock valued at $341,000 after acquiring an additional 155 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Down 1.3 %

OSK stock opened at $106.46 on Thursday. The stock has a market capitalization of $6.96 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 1.04 and a beta of 1.19. Oshkosh Co. has a 52 week low of $86.37 and a 52 week high of $127.98. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $102.86 and a 200 day moving average of $107.85.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data 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 the consensus estimate of $2.78 billion. During the same period in the previous year, the firm posted $2.69 earnings per share. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. Sell-side analysts forecast that Oshkosh Co. will post 11.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on OSK. Evercore ISI cut their target price 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. Stifel Nicolaus cut their price objective on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Truist Financial lowered their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Finally, Jefferies Financial Group decreased their price objective on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh has an average rating of “Hold” and a consensus price target of $125.29.

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.