Oshkosh Co. (NYSE:OSK) Shares Acquired by Covea Finance

Covea Finance lifted its stake in shares of Oshkosh Co. (NYSE:OSK) by 81.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,000 shares of the company’s stock after acquiring an additional 13,500 shares during the period. Covea Finance’s holdings in Oshkosh were worth $2,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AE Wealth Management LLC boosted its stake in shares of Oshkosh by 7.3% in the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after purchasing an additional 127 shares during the period. KBC Group NV boosted its position in Oshkosh by 15.2% in the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock valued at $167,000 after buying an additional 220 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Oshkosh during the third quarter valued at about $25,000. Greenwich Wealth Management LLC increased its position in shares of Oshkosh by 0.5% during the third quarter. Greenwich Wealth Management LLC now owns 49,593 shares of the company’s stock worth $4,970,000 after acquiring an additional 253 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Oshkosh by 35.5% in the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after acquiring an additional 262 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday. Robert W. Baird cut their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Citigroup dropped their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday. Truist Financial upped their target price on shares of Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Finally, UBS Group decreased their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $122.31.

Oshkosh Stock Performance

Shares of OSK opened at $93.01 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. Oshkosh Co. has a 1 year low of $89.08 and a 1 year high of $127.98. The firm has a fifty day moving average of $103.12 and a 200-day moving average of $103.77. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. As a group, equities analysts anticipate 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 was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, November 15th. Oshkosh’s 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.