Oshkosh Co. (NYSE:OSK) Shares Bought by KBC Group NV

KBC Group NV boosted its stake in shares of Oshkosh Co. (NYSE:OSK) by 15.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,666 shares of the company’s stock after purchasing an additional 220 shares during the period. KBC Group NV’s holdings in Oshkosh were worth $167,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Oshkosh by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock worth $978,797,000 after acquiring an additional 718,122 shares during the period. Greenhaven Associates Inc. lifted its stake in Oshkosh by 0.8% during the 3rd quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock worth $254,181,000 after acquiring an additional 19,442 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Oshkosh by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after buying an additional 78,235 shares during the period. American Century Companies Inc. grew its position in shares of Oshkosh by 19.6% during the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after buying an additional 235,496 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Oshkosh by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 631,351 shares of the company’s stock worth $68,312,000 after purchasing an additional 2,645 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

OSK opened at $108.03 on Thursday. 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’s 50-day moving average price is $104.55 and its 200 day moving average price is $106.94. Oshkosh Co. has a fifty-two week low of $93.34 and a fifty-two week high of $127.98. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18.

Oshkosh (NYSE:OSK) last released 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. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. As a group, sell-side analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, November 15th. Oshkosh’s payout ratio is currently 17.86%.

Analyst Ratings Changes

A number of analysts recently weighed in on OSK shares. Truist Financial decreased their price target 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. Evercore ISI decreased their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a report 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 on the stock in a report on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Robert W. Baird cut 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 equities 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $123.14.

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.