Integrated Wealth Concepts LLC Buys New Shares in Oshkosh Co. (NYSE:OSK)

Integrated Wealth Concepts LLC purchased a new stake in shares of Oshkosh Co. (NYSE:OSK) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 4,971 shares of the company’s stock, valued at approximately $498,000.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Oshkosh by 36.2% in the second quarter. CWM LLC now owns 5,644 shares of the company’s stock valued at $611,000 after purchasing an additional 1,500 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Oshkosh in the 2nd quarter valued at $1,500,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Oshkosh by 5.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,104 shares of the company’s stock worth $1,201,000 after acquiring an additional 532 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Oshkosh by 8.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,086 shares of the company’s stock valued at $1,416,000 after acquiring an additional 1,000 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in Oshkosh in the second quarter valued at about $1,545,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of OSK stock opened at $101.49 on Wednesday. Oshkosh Co. has a 1 year low of $93.34 and a 1 year 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 firm’s 50 day moving average is $107.28 and its 200-day moving average is $106.11. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.05 and a beta of 1.19.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion for 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 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s dividend payout ratio is 17.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Truist Financial decreased their price objective on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Robert W. Baird cut 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. Finally, Evercore ISI lowered their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $123.14.

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.