Rehmann Capital Advisory Group Increases Holdings in Oshkosh Co. (NYSE:OSK)

Rehmann Capital Advisory Group boosted its holdings in shares of Oshkosh Co. (NYSE:OSK) by 5.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,259 shares of the company’s stock after purchasing an additional 336 shares during the period. Rehmann Capital Advisory Group’s holdings in Oshkosh were worth $658,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OSK. SG Americas Securities LLC purchased a new position in shares of Oshkosh during the 2nd quarter worth approximately $1,500,000. OFI Invest Asset Management purchased a new position in shares of Oshkosh during the 2nd quarter worth approximately $1,545,000. Horizon Kinetics Asset Management LLC grew its holdings in shares of Oshkosh by 3.4% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after acquiring an additional 4,680 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in shares of Oshkosh by 57.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after acquiring an additional 7,334 shares during the period. Finally, Equity Investment Corp grew its holdings in shares of Oshkosh by 1.5% during the 3rd quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock worth $59,012,000 after acquiring an additional 8,611 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OSK. Evercore ISI reduced their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Truist Financial reduced their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Robert W. Baird reduced their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. UBS Group dropped their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $122.86.

Oshkosh Stock Performance

OSK stock opened at $101.41 on Friday. The stock has a market capitalization of $6.60 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 1.01 and a beta of 1.19. Oshkosh Co. has a 12-month low of $93.34 and a 12-month high of $127.98. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $107.38 and its 200 day simple moving average is $106.06.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.06. The business 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, research analysts forecast that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.81%. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

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.