Oshkosh Co. (NYSE:OSK) Shares Acquired by Delphi Management Inc. MA

Delphi Management Inc. MA grew its position in shares of Oshkosh Co. (NYSE:OSK) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,313 shares of the company’s stock after purchasing an additional 1,362 shares during the quarter. Oshkosh makes up about 1.5% of Delphi Management Inc. MA’s portfolio, making the stock its 7th biggest holding. Delphi Management Inc. MA’s holdings in Oshkosh were worth $1,873,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Algert Global LLC increased its holdings in shares of Oshkosh by 9.1% during the 2nd quarter. Algert Global LLC now owns 90,082 shares of the company’s stock valued at $9,747,000 after purchasing an additional 7,544 shares in the last quarter. AQR Capital Management LLC grew its stake in Oshkosh by 15.9% during the 2nd quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock valued at $66,405,000 after acquiring an additional 85,698 shares in the last quarter. AXA S.A. grew its stake in Oshkosh by 16.7% during the 2nd quarter. AXA S.A. now owns 60,518 shares of the company’s stock valued at $6,548,000 after acquiring an additional 8,676 shares in the last quarter. Alpha DNA Investment Management LLC purchased a new stake in Oshkosh during the 2nd quarter valued at about $458,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Oshkosh during the 2nd quarter valued at about $240,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Trading Up 0.0 %

Shares of Oshkosh stock opened at $100.21 on Tuesday. Oshkosh Co. has a 1 year low of $86.10 and a 1 year high of $127.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. The company has a market capitalization of $6.55 billion, a P/E ratio of 9.59, a PEG ratio of 0.98 and a beta of 1.19. The company’s fifty day moving average is $103.41 and its two-hundred day moving average is $110.65.

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

Oshkosh Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OSK. Raymond James began coverage on shares of Oshkosh in a report on Friday, June 28th. They issued an “outperform” rating and a $125.00 target price on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Truist Financial increased their target price on shares of Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Evercore ISI dropped their price objective 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. Finally, Jefferies Financial Group dropped their price objective on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of “Hold” and a consensus price target of $125.79.

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.