Advisors Asset Management Inc. Reduces Stock Holdings in Oshkosh Co. (NYSE:OSK)

Advisors Asset Management Inc. reduced its stake in Oshkosh Co. (NYSE:OSK) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,122 shares of the company’s stock after selling 2,029 shares during the period. Advisors Asset Management Inc.’s holdings in Oshkosh were worth $5,023,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in OSK. V Square Quantitative Management LLC purchased a new position in Oshkosh in the third quarter valued at approximately $25,000. Bessemer Group Inc. boosted its holdings in shares of Oshkosh by 280.6% in the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after acquiring an additional 289 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Oshkosh by 5,563.6% in the second quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock valued at $67,000 after acquiring an additional 612 shares during the period. Eagle Bay Advisors LLC boosted 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 acquiring an additional 564 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Oshkosh by 26.2% in the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after acquiring an additional 152 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OSK has been the subject of several research analyst reports. Robert W. Baird decreased their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Truist Financial decreased their price objective on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Evercore ISI decreased their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, Stifel Nicolaus decreased their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. One investment 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $123.14.

Oshkosh Price Performance

Oshkosh stock opened at $109.24 on Friday. Oshkosh Co. has a one year low of $93.34 and a one year high of $127.98. 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 business has a fifty day moving average of $104.79 and a two-hundred day moving average of $106.96. The company has a market cap of $7.11 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating 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 analysts’ expectations of $2.63 billion. As a group, analysts predict that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio is currently 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.