Chartwell Investment Partners LLC Has $729,000 Stock Position in Oshkosh Co. (NYSE:OSK)

Chartwell Investment Partners LLC trimmed its position in Oshkosh Co. (NYSE:OSK) by 33.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,275 shares of the company’s stock after selling 3,697 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Oshkosh were worth $729,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Oshkosh during the 3rd quarter valued at $25,000. Headlands Technologies LLC bought a new stake in shares of Oshkosh in the 1st quarter worth about $31,000. Bessemer Group Inc. grew its holdings in shares of Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after purchasing an additional 289 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of 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 during the last quarter. Finally, Eagle Bay Advisors LLC grew its holdings in shares of Oshkosh by 547.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock worth $72,000 after purchasing an additional 564 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Performance

Oshkosh stock opened at $111.29 on Wednesday. The stock has a market cap of $7.24 billion, a PE ratio of 10.80, a P/E/G ratio of 1.09 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $103.24 and its two-hundred day moving average price is $107.10. Oshkosh Co. has a 12-month low of $93.27 and a 12-month high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.06. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. As a group, analysts expect 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. Shareholders of record on Friday, November 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Robert W. Baird decreased their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus cut their target price on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. 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. Evercore ISI cut their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, Truist Financial cut their price target 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $123.14.

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.