Horizon Kinetics Asset Management LLC Acquires 4,680 Shares of Oshkosh Co. (NYSE:OSK)

Horizon Kinetics Asset Management LLC grew its holdings in shares of Oshkosh Co. (NYSE:OSK) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,140 shares of the company’s stock after buying an additional 4,680 shares during the quarter. Horizon Kinetics Asset Management LLC owned 0.22% of Oshkosh worth $14,144,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of Oshkosh in the third quarter worth approximately $25,000. Bessemer Group Inc. lifted its stake in Oshkosh by 280.6% during the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after acquiring an additional 289 shares in the last quarter. Versant Capital Management Inc grew its stake 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 acquiring an additional 612 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings in shares of Oshkosh by 547.6% in the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after purchasing an additional 564 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Oshkosh by 26.2% during the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after purchasing an additional 152 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Trading Up 2.3 %

Shares of OSK opened at $111.81 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. 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 $7.28 billion, a P/E ratio of 10.86, a P/E/G ratio of 1.10 and a beta of 1.18. The firm’s 50 day simple moving average is $105.02 and its 200 day simple moving average is $106.79.

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. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Sell-side analysts forecast that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business 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 is Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.65%. Oshkosh’s dividend payout ratio is currently 17.86%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. 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. Robert W. Baird cut their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. 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 report on Wednesday, October 9th. Finally, Evercore ISI dropped their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. 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 MarketBeat, Oshkosh currently has a consensus rating of “Hold” and an average target price of $123.14.

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.