GAMMA Investing LLC Lowers Stake in Oshkosh Co. (NYSE:OSK)

GAMMA Investing LLC lowered its holdings in Oshkosh Co. (NYSE:OSK) by 20.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 595 shares of the company’s stock after selling 154 shares during the period. GAMMA Investing LLC’s holdings in Oshkosh were worth $57,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Oshkosh by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock worth $19,632,000 after purchasing an additional 28,478 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Oshkosh during the 3rd quarter worth $504,000. Y Intercept Hong Kong Ltd lifted its position in shares of Oshkosh by 57.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after purchasing an additional 7,334 shares during the last quarter. Barclays PLC grew its stake in shares of Oshkosh by 40.9% during the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after purchasing an additional 32,435 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its holdings in Oshkosh by 3.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock valued at $14,144,000 after buying an additional 4,680 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

Oshkosh stock opened at $89.74 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. Oshkosh Co. has a one year low of $89.39 and a one year high of $127.98. The company has a market cap of $5.84 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21. The business has a fifty day moving average of $103.34 and a two-hundred day moving average of $103.86.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.06. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. As a group, analysts predict that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.05%. Oshkosh’s dividend payout ratio (DPR) is 17.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. UBS Group lowered their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Truist Financial upped their target price on shares of Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Finally, Robert W. Baird decreased their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $124.62.

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.