JPMorgan Chase & Co. Buys 28,478 Shares of Oshkosh Co. (NYSE:OSK)

JPMorgan Chase & Co. raised its stake in Oshkosh Co. (NYSE:OSK) by 17.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 195,906 shares of the company’s stock after acquiring an additional 28,478 shares during the quarter. JPMorgan Chase & Co.’s holdings in Oshkosh were worth $19,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in OSK. American Century Companies Inc. lifted its stake in shares of Oshkosh by 19.6% in the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after buying an additional 235,496 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Oshkosh by 3,329.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock valued at $24,073,000 after purchasing an additional 233,218 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Oshkosh during the 2nd quarter worth approximately $11,368,000. BNP Paribas Financial Markets lifted its holdings 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 purchasing an additional 97,282 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Oshkosh by 15.9% during the second quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock valued at $66,405,000 after buying an additional 85,698 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on OSK shares. JPMorgan Chase & Co. raised their price objective on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Truist Financial raised their price target on shares of Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. UBS Group reduced their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, Robert W. Baird dropped their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $124.62.

Oshkosh Price Performance

Shares of NYSE OSK opened at $92.18 on Friday. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21. The stock has a fifty day simple moving average of $103.61 and a two-hundred day simple moving average of $104.01. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a 1-year low of $91.00 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping 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 company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Analysts anticipate that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is currently 17.86%.

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.