2,216 Shares in Oshkosh Co. (NYSE:OSK) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Oshkosh Co. (NYSE:OSK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,216 shares of the company’s stock, valued at approximately $240,000.

A number of other large investors have also added to or reduced their stakes in the stock. Valley National Advisers Inc. grew its position in Oshkosh by 18.2% during the first quarter. Valley National Advisers Inc. now owns 623 shares of the company’s stock valued at $77,000 after acquiring an additional 96 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Oshkosh by 7.3% during the 2nd quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after acquiring an additional 127 shares during the period. US Bancorp DE grew its position in Oshkosh by 3.0% during the 1st quarter. US Bancorp DE now owns 4,522 shares of the company’s stock worth $564,000 after acquiring an additional 132 shares during the last quarter. Atlas Capital Advisors LLC increased its stake in Oshkosh by 161.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 139 shares during the period. Finally, GAMMA Investing LLC lifted its position in 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 purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on OSK shares. Raymond James began coverage on Oshkosh in a research report on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Evercore ISI reduced their price target 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 lowered their price objective on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Truist Financial upped their target price on Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus target price of $125.79.

Oshkosh Stock Performance

Shares of OSK opened at $98.42 on Wednesday. Oshkosh Co. has a one year low of $86.10 and a one year high of $127.98. The business has a fifty day moving average of $103.14 and a 200 day moving average of $110.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. The firm has a market capitalization of $6.44 billion, a P/E ratio of 9.42, a PEG ratio of 0.98 and a beta of 1.19.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.34. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.69 earnings per share. As a group, sell-side analysts anticipate that Oshkosh Co. will post 11.62 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, August 16th. Oshkosh’s dividend payout ratio (DPR) is currently 17.61%.

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.