Quantbot Technologies LP Buys New Position in Oshkosh Co. (NYSE:OSK)

Quantbot Technologies LP purchased a new position in shares of Oshkosh Co. (NYSE:OSK) during the third quarter, Holdings Channel.com reports. The fund purchased 47,676 shares of the company’s stock, valued at approximately $4,778,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of OSK. Greenhaven Associates Inc. boosted its position in Oshkosh by 0.8% in the 3rd quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock valued at $254,181,000 after buying an additional 19,442 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Oshkosh by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock valued at $196,370,000 after acquiring an additional 78,235 shares in the last quarter. American Century Companies Inc. boosted its holdings in Oshkosh by 19.6% in the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after purchasing an additional 235,496 shares during the period. FMR LLC grew its stake in Oshkosh by 3.3% during the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company’s stock worth $122,646,000 after purchasing an additional 39,235 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Oshkosh by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock worth $68,561,000 after purchasing an additional 4,974 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on OSK shares. Stifel Nicolaus reduced 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. 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 report on Monday, August 19th. Robert W. Baird lowered 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. JPMorgan Chase & Co. raised their price target on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Finally, Truist Financial decreased their price target on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. One equities research 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $123.14.

Oshkosh Stock Down 0.5 %

OSK stock opened at $113.60 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The stock has a market capitalization of $7.39 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. Oshkosh Co. has a one year low of $93.34 and a one year high of $127.98. The company has a fifty day moving average of $105.26 and a 200-day moving average of $106.75.

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

Oshkosh Dividend Announcement

The business also recently declared 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 1.62%. Oshkosh’s dividend payout ratio is presently 17.86%.

Oshkosh Company 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.