SpiderRock Advisors LLC Takes Position in Oshkosh Co. (NYSE:OSK)

SpiderRock Advisors LLC bought a new stake in Oshkosh Co. (NYSE:OSK) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,321 shares of the company’s stock, valued at approximately $2,036,000.

A number of other large investors also recently bought and sold shares of OSK. Swiss National Bank lifted its position in Oshkosh by 0.3% in the first quarter. Swiss National Bank now owns 129,100 shares of the company’s stock valued at $16,100,000 after buying an additional 400 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Oshkosh in the first quarter valued at about $2,483,000. NorthRock Partners LLC lifted its position in Oshkosh by 6.0% in the first quarter. NorthRock Partners LLC now owns 2,735 shares of the company’s stock valued at $341,000 after buying an additional 155 shares during the last quarter. Headlands Technologies LLC acquired a new position in Oshkosh in the first quarter valued at about $31,000. Finally, US Bancorp DE lifted 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 buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on OSK. Truist Financial decreased their target price 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. Robert W. Baird lowered their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective 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. Stifel Nicolaus lowered their price objective on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Evercore ISI lowered their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $123.14.

Oshkosh Stock Down 0.6 %

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

Oshkosh (NYSE:OSK) last released its quarterly earnings data 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 company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Research analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced 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 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.