Private Advisor Group LLC Has $378,000 Stock Position in Oshkosh Co. (NYSE:OSK)

Private Advisor Group LLC lessened its holdings in shares of Oshkosh Co. (NYSE:OSK) by 29.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,771 shares of the company’s stock after selling 1,579 shares during the quarter. Private Advisor Group LLC’s holdings in Oshkosh were worth $378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSK. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Oshkosh during the 1st quarter valued at about $1,507,000. Janney Montgomery Scott LLC lifted its stake in Oshkosh by 10.7% in the first quarter. Janney Montgomery Scott LLC now owns 35,845 shares of the company’s stock valued at $4,470,000 after buying an additional 3,454 shares in the last quarter. Whittier Trust Co. increased its position in shares of Oshkosh by 26.1% during the first quarter. Whittier Trust Co. now owns 782 shares of the company’s stock worth $98,000 after acquiring an additional 162 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Oshkosh by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 57,250 shares of the company’s stock worth $7,140,000 after acquiring an additional 742 shares during the period. Finally, LSV Asset Management lifted its position in Oshkosh by 5.5% in the 1st quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock valued at $243,274,000 after acquiring an additional 102,330 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OSK. Robert W. Baird lowered their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Jefferies Financial Group decreased their price objective on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Evercore ISI cut their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Stifel Nicolaus decreased their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Truist Financial cut their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Oshkosh has a consensus rating of “Hold” and an average price target of $123.14.

Oshkosh Trading Up 2.2 %

Shares of Oshkosh stock opened at $105.15 on Wednesday. Oshkosh Co. has a 52-week low of $90.56 and a 52-week high of $127.98. The stock has a market cap of $6.84 billion, a PE ratio of 10.21, a PEG ratio of 1.01 and a beta of 1.18. The firm has a 50-day moving average of $102.64 and a 200-day moving average of $107.43. 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 (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. As a group, sell-side analysts forecast that Oshkosh Co. will post 11.38 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.75%. Oshkosh’s dividend payout ratio (DPR) is presently 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.