Innealta Capital LLC Lowers Stock Holdings in Oshkosh Co. (NYSE:OSK)

Innealta Capital LLC reduced its stake in Oshkosh Co. (NYSE:OSK) by 25.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,146 shares of the company’s stock after selling 724 shares during the quarter. Innealta Capital LLC’s holdings in Oshkosh were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Greenwich Wealth Management LLC grew its position in Oshkosh by 0.5% during the third quarter. Greenwich Wealth Management LLC now owns 49,593 shares of the company’s stock valued at $4,970,000 after acquiring an additional 253 shares during the last quarter. EMC Capital Management grew its position in Oshkosh by 163.2% during the third quarter. EMC Capital Management now owns 6,030 shares of the company’s stock valued at $604,000 after acquiring an additional 3,739 shares during the last quarter. HM Payson & Co. grew its position in Oshkosh by 77.4% during the third quarter. HM Payson & Co. now owns 4,640 shares of the company’s stock valued at $465,000 after acquiring an additional 2,024 shares during the last quarter. Galibier Capital Management Ltd. grew its position in Oshkosh by 23.8% during the third quarter. Galibier Capital Management Ltd. now owns 45,227 shares of the company’s stock valued at $4,532,000 after acquiring an additional 8,700 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new position in Oshkosh during the third quarter valued at approximately $1,150,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Price Performance

OSK opened at $103.19 on Monday. The company has a current ratio of 1.46, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 1.00 and a beta of 1.18. Oshkosh Co. has a 12-month low of $90.07 and a 12-month high of $127.98. The business’s fifty day simple moving average is $102.73 and its 200-day simple moving average is $107.61.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. On average, equities research analysts anticipate that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, November 15th. Oshkosh’s payout ratio is currently 17.86%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Robert W. Baird cut their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday. Stifel Nicolaus cut their target price 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. JPMorgan Chase & Co. raised their target price on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report 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 report on Monday, August 19th. Finally, Jefferies Financial Group cut their price target on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Oshkosh has an average rating of “Hold” and a consensus price target of $123.14.

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.