Oshkosh Co. (NYSE:OSK) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its stake in shares of Oshkosh Co. (NYSE:OSK) by 27.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,524 shares of the company’s stock after selling 3,950 shares during the period. Intech Investment Management LLC’s holdings in Oshkosh were worth $1,055,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Commerce Bank grew its holdings in shares of Oshkosh by 6.8% during the 3rd quarter. Commerce Bank now owns 5,757 shares of the company’s stock worth $577,000 after purchasing an additional 369 shares during the period. Pathstone Holdings LLC boosted its position in Oshkosh by 2.6% during the 3rd quarter. Pathstone Holdings LLC now owns 31,895 shares of the company’s stock worth $3,196,000 after purchasing an additional 819 shares during the period. Quest Partners LLC increased its holdings in Oshkosh by 1,211.0% in the 3rd quarter. Quest Partners LLC now owns 3,933 shares of the company’s stock valued at $394,000 after purchasing an additional 3,633 shares in the last quarter. Equity Investment Corp raised its position in Oshkosh by 1.5% in the third quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock valued at $59,012,000 after purchasing an additional 8,611 shares during the period. Finally, ING Groep NV acquired a new position in shares of Oshkosh during the third quarter worth about $3,567,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of NYSE OSK opened at $112.78 on Thursday. 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 company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. Oshkosh Co. has a twelve month low of $93.34 and a twelve month high of $127.98. The business has a 50 day simple moving average of $105.45 and a 200-day simple moving average of $106.70.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders 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 dividend on an annualized basis and a yield of 1.63%. Oshkosh’s dividend payout ratio is currently 17.86%.

Wall Street Analyst Weigh In

OSK has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Evercore ISI reduced 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. Stifel Nicolaus decreased their target price 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 dropped their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Truist Financial decreased their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus price target 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.