Covestor Ltd Increases Stock Holdings in Oshkosh Co. (NYSE:OSK)

Covestor Ltd increased its position in shares of Oshkosh Co. (NYSE:OSK) by 18.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,011 shares of the company’s stock after purchasing an additional 933 shares during the period. Oshkosh accounts for about 0.4% of Covestor Ltd’s holdings, making the stock its 20th biggest holding. Covestor Ltd’s holdings in Oshkosh were worth $603,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. AE Wealth Management LLC raised its position in shares of Oshkosh by 7.3% during the 2nd quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after buying an additional 127 shares during the period. US Bancorp DE raised its position in Oshkosh by 3.0% in the first quarter. US Bancorp DE now owns 4,522 shares of the company’s stock valued at $564,000 after purchasing an additional 132 shares during the period. GAMMA Investing LLC lifted its stake in shares of Oshkosh by 26.2% in the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after purchasing an additional 152 shares during the last quarter. NorthRock Partners LLC grew its holdings in shares of Oshkosh by 6.0% during the 1st quarter. NorthRock Partners LLC now owns 2,735 shares of the company’s stock worth $341,000 after purchasing an additional 155 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV increased its position in shares of Oshkosh by 4.6% during the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 4,963 shares of the company’s stock worth $528,000 after purchasing an additional 220 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on OSK shares. JPMorgan Chase & Co. upped their target price on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. 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 report on Wednesday, October 9th. 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 report on Thursday, October 31st. Stifel Nicolaus decreased their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Evercore ISI lowered their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $123.14.

Oshkosh Price Performance

Shares of NYSE OSK opened at $111.63 on Friday. The stock’s 50-day moving average is $102.99 and its two-hundred day moving average is $107.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 1.13 and a beta of 1.18. Oshkosh Co. has a 1-year low of $90.56 and a 1-year high of $127.98.

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

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.65%. Oshkosh’s payout ratio is 17.86%.

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.