JPMorgan Chase & Co. Purchases 28,478 Shares of Oshkosh Co. (NYSE:OSK)

JPMorgan Chase & Co. increased its position in Oshkosh Co. (NYSE:OSK) by 17.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 195,906 shares of the company’s stock after purchasing an additional 28,478 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.30% of Oshkosh worth $19,632,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Oshkosh in the third quarter valued at about $504,000. Y Intercept Hong Kong Ltd raised its holdings in Oshkosh by 57.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock valued at $2,023,000 after acquiring an additional 7,334 shares during the period. Barclays PLC boosted its holdings 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 acquiring an additional 32,435 shares during the period. Horizon Kinetics Asset Management LLC grew its position in shares of 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 purchasing an additional 4,680 shares during the last quarter. Finally, Equity Investment Corp increased its stake in shares of Oshkosh by 1.5% during the third quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock worth $59,012,000 after purchasing an additional 8,611 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Down 0.6 %

Shares of OSK opened at $92.18 on Friday. 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 52 week low of $91.00 and a 52 week high of $127.98. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 0.98 and a beta of 1.21. The stock has a fifty day moving average of $103.61 and a 200-day moving average of $104.01.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 6.41% and a return on equity of 19.87%. As a group, sell-side analysts anticipate that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 2.00%. Oshkosh’s dividend payout ratio (DPR) is currently 17.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OSK. UBS Group decreased their price objective on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their price target on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Truist Financial lifted their price objective on shares of Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a research note 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 on the stock in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has a consensus rating of “Hold” and an average target price of $124.62.

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.