Oshkosh Co. (NYSE:OSK) Shares Acquired by M&G Plc

M&G Plc boosted its holdings in shares of Oshkosh Co. (NYSE:OSK) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,646 shares of the company’s stock after acquiring an additional 7,832 shares during the period. M&G Plc owned 0.20% of Oshkosh worth $13,894,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Atlas Capital Advisors LLC boosted its position in shares of Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after acquiring an additional 139 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Oshkosh during the 1st quarter valued at approximately $31,000. Rise Advisors LLC lifted its holdings in Oshkosh by 215.5% in the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after acquiring an additional 181 shares during the last quarter. GAMMA Investing LLC purchased a new position in Oshkosh in the fourth quarter worth approximately $42,000. Finally, Bessemer Group Inc. increased its stake in Oshkosh by 280.6% during the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after acquiring an additional 289 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Trading Up 0.9 %

NYSE OSK opened at $100.58 on Wednesday. Oshkosh Co. has a 52 week low of $86.10 and a 52 week high of $127.98. The firm has a 50 day moving average of $106.79 and a two-hundred day moving average of $112.84. The stock has a market capitalization of $6.58 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 0.79 and a beta of 1.22. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.34. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. Oshkosh’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the firm earned $2.69 earnings per share. As a group, research analysts expect that Oshkosh Co. will post 11.68 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.84 annualized dividend and a yield of 1.83%. Oshkosh’s dividend payout ratio is currently 17.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Robert W. Baird increased their price target on Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Stifel Nicolaus dropped their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Raymond James assumed coverage on shares of Oshkosh in a report on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective on the stock. Jefferies Financial Group dropped their target price on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Finally, Truist Financial upped their price target on Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of “Hold” and an average target price of $125.40.

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.