Oshkosh Co. (NYSE:OSK) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. raised its stake in Oshkosh Co. (NYSE:OSK) by 704.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,023 shares of the company’s stock after acquiring an additional 59,566 shares during the quarter. Edgestream Partners L.P.’s holdings in Oshkosh were worth $6,817,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. FORA Capital LLC purchased a new stake in Oshkosh during the 3rd quarter worth about $1,443,000. Bridgewater Associates LP acquired a new stake in shares of Oshkosh during the 3rd quarter worth about $781,000. Freedom Investment Management Inc. grew its holdings in shares of Oshkosh by 27.7% during the third quarter. Freedom Investment Management Inc. now owns 4,232 shares of the company’s stock worth $424,000 after buying an additional 919 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Oshkosh by 154.9% in the third quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after buying an additional 97,282 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Oshkosh during the third quarter valued at approximately $34,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Price Performance

OSK opened at $113.61 on Friday. The company has a 50 day moving average of $105.81 and a two-hundred day moving average of $106.78. Oshkosh Co. has a 52-week low of $93.34 and a 52-week high of $127.98. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The company has a market cap of $7.39 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.11 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 (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. On average, analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Analyst Ratings Changes

Several research firms have commented on OSK. Truist Financial lowered their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Evercore ISI dropped their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Finally, Robert W. Baird decreased their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $123.14.

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.