Sanctuary Advisors LLC Has $1.47 Million Stock Position in Oshkosh Co. (NYSE:OSK)

Sanctuary Advisors LLC increased its position in Oshkosh Co. (NYSE:OSK) by 18.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 14,704 shares of the company’s stock after purchasing an additional 2,340 shares during the quarter. Sanctuary Advisors LLC’s holdings in Oshkosh were worth $1,473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AE Wealth Management LLC lifted its stake in shares of Oshkosh by 7.3% in the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after buying an additional 127 shares in the last quarter. KBC Group NV lifted its position in Oshkosh by 15.2% in the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock valued at $167,000 after acquiring an additional 220 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Oshkosh by 1.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 22,615 shares of the company’s stock valued at $2,447,000 after purchasing an additional 235 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Oshkosh during the 3rd quarter worth approximately $25,000. Finally, ABLE Financial Group LLC raised its stake in shares of Oshkosh by 4.6% in the second quarter. ABLE Financial Group LLC now owns 5,635 shares of the company’s stock worth $610,000 after purchasing an additional 249 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Robert W. Baird decreased their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. UBS Group reduced their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Truist Financial increased their price objective on shares of Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $123.00.

Oshkosh Price Performance

Oshkosh stock opened at $93.84 on Friday. The business’s 50 day simple moving average is $107.07 and its 200 day simple moving average is $105.51. Oshkosh Co. has a 12 month low of $93.34 and a 12 month high of $127.98. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 0.98 and a beta of 1.19. 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 (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Sell-side analysts forecast that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.96%. Oshkosh’s payout ratio is 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.