Angeles Investment Advisors LLC Reduces Position in Oshkosh Co. (NYSE:OSK)

Angeles Investment Advisors LLC lessened its stake in shares of Oshkosh Co. (NYSE:OSK) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,090 shares of the company’s stock after selling 170 shares during the period. Angeles Investment Advisors LLC’s holdings in Oshkosh were worth $310,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. MQS Management LLC purchased a new stake in Oshkosh during the 3rd quarter worth approximately $470,000. Victory Capital Management Inc. lifted its stake in Oshkosh by 3.7% during the 3rd quarter. Victory Capital Management Inc. now owns 293,060 shares of the company’s stock valued at $29,368,000 after acquiring an additional 10,328 shares during the period. Aigen Investment Management LP acquired a new stake in Oshkosh during the 3rd quarter valued at approximately $310,000. GSA Capital Partners LLP acquired a new stake in Oshkosh during the 3rd quarter valued at approximately $233,000. Finally, Harbour Investments Inc. lifted its stake in Oshkosh by 5.3% during the 3rd quarter. Harbour Investments Inc. now owns 5,993 shares of the company’s stock valued at $601,000 after acquiring an additional 302 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on OSK shares. JPMorgan Chase & Co. lifted 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 decreased 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. Evercore ISI decreased 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. Truist Financial decreased their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, Robert W. Baird decreased their target price 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $123.14.

Oshkosh Price Performance

Shares of Oshkosh stock traded up $0.17 during trading hours on Wednesday, reaching $111.39. 13,733 shares of the company’s stock were exchanged, compared to its average volume of 508,589. Oshkosh Co. has a 1 year low of $93.34 and a 1 year high of $127.98. The company has a market capitalization of $7.25 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18. The business has a fifty day moving average of $103.24 and a two-hundred day moving average of $107.10. 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 (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.63 billion. As a group, research analysts predict that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.65%. Oshkosh’s dividend payout ratio is presently 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.