ABLE Financial Group LLC Buys 1,402 Shares of Oshkosh Co. (NYSE:OSK)

ABLE Financial Group LLC lifted its stake in shares of Oshkosh Co. (NYSE:OSK) by 24.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,037 shares of the company’s stock after purchasing an additional 1,402 shares during the quarter. ABLE Financial Group LLC’s holdings in Oshkosh were worth $705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in Oshkosh during the 3rd quarter valued at about $25,000. Headlands Technologies LLC purchased a new position in Oshkosh during the first quarter valued at approximately $31,000. Bessemer Group Inc. increased its holdings in Oshkosh by 280.6% during the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after acquiring an additional 289 shares during the period. Versant Capital Management Inc lifted its stake in Oshkosh by 5,563.6% in the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock worth $67,000 after purchasing an additional 612 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its holdings in Oshkosh by 547.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after purchasing an additional 564 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on OSK shares. JPMorgan Chase & Co. upped their price target 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 decreased their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Stifel Nicolaus dropped their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Truist Financial decreased their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Finally, Robert W. Baird dropped their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $123.14.

Oshkosh Trading Down 0.0 %

Shares of OSK traded down $0.01 during trading hours on Friday, hitting $112.25. The company had a trading volume of 53,458 shares, compared to its average volume of 509,734. The firm has a market cap of $7.30 billion, a P/E 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 stock’s 50 day moving average price is $102.91 and its 200 day moving average price is $107.43. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data 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. 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 the consensus estimate of $2.63 billion. On average, research analysts predict that Oshkosh Co. will post 11.38 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend 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.