Oshkosh Co. (NYSE:OSK) Stake Raised by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of Oshkosh Co. (NYSE:OSK) by 9,922.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 902 shares of the company’s stock after purchasing an additional 893 shares during the quarter. International Assets Investment Management LLC’s holdings in Oshkosh were worth $90,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in OSK. SG Americas Securities LLC bought a new stake in Oshkosh in the second quarter worth approximately $1,500,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Oshkosh in the 1st quarter worth approximately $1,507,000. M&G Plc bought a new position in shares of Oshkosh in the first quarter worth about $15,102,000. Cetera Investment Advisers boosted its holdings in Oshkosh by 772.9% in the first 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 during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Oshkosh during the 2nd quarter valued at $1,545,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Jefferies Financial Group lowered their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. JPMorgan Chase & Co. lifted their target price on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Stifel Nicolaus lowered their price objective on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Robert W. Baird cut 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. Finally, Truist Financial lowered their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Oshkosh has an average rating of “Hold” and an average target price of $123.14.

Oshkosh Stock Down 2.8 %

Shares of Oshkosh stock opened at $112.26 on Friday. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 1.01 and a beta of 1.18. Oshkosh Co. has a 52-week low of $90.56 and a 52-week high of $127.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The company’s 50 day moving average price is $102.91 and its 200-day moving average price is $107.43.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Equities research analysts forecast that Oshkosh Co. will post 11.38 EPS for the current year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

About Oshkosh

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.