Oshkosh Co. (NYSE:OSK) Shares Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC grew its position in shares of Oshkosh Co. (NYSE:OSK) by 15.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,540 shares of the company’s stock after purchasing an additional 5,182 shares during the period. Parcion Private Wealth LLC owned approximately 0.06% of Oshkosh worth $3,962,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Oshkosh by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock valued at $978,797,000 after acquiring an additional 718,122 shares in the last quarter. Greenhaven Associates Inc. grew its holdings in shares of Oshkosh by 0.8% in the third quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock valued at $254,181,000 after purchasing an additional 19,442 shares in the last quarter. LSV Asset Management increased its stake in Oshkosh by 5.5% during the 1st quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock worth $243,274,000 after buying an additional 102,330 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Oshkosh by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after buying an additional 78,235 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Oshkosh by 19.6% in the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after buying an additional 235,496 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Performance

Shares of OSK stock opened at $106.19 on Friday. The stock’s 50-day moving average is $102.55 and its two-hundred day moving average is $108.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. Oshkosh Co. has a 1 year low of $86.10 and a 1 year high of $127.98. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 1.03 and a beta of 1.19.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter last year, the business posted $2.69 EPS. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. Analysts predict that Oshkosh Co. will post 11.33 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.84 annualized dividend and a yield of 1.73%. Oshkosh’s dividend payout ratio (DPR) is 17.79%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on OSK. Raymond James started coverage on Oshkosh in a report on Friday, June 28th. They issued an “outperform” rating and a $125.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. 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 note on Monday, August 19th. Jefferies Financial Group decreased their price target on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Finally, Stifel Nicolaus lowered their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $125.29.

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.