EMC Capital Management Has $604,000 Stock Position in Oshkosh Co. (NYSE:OSK)

EMC Capital Management grew its position in Oshkosh Co. (NYSE:OSK) by 163.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,030 shares of the company’s stock after purchasing an additional 3,739 shares during the period. EMC Capital Management’s holdings in Oshkosh were worth $604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 purchasing an additional 718,122 shares during the last quarter. Greenhaven Associates Inc. increased its position in Oshkosh by 0.8% during the third quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock worth $254,181,000 after buying an additional 19,442 shares during the last quarter. LSV Asset Management raised its holdings in Oshkosh by 5.5% during the first quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock valued at $243,274,000 after buying an additional 102,330 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Oshkosh by 4.5% in the second 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 last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Oshkosh by 19.6% during the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after acquiring an additional 235,496 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Up 0.9 %

OSK stock opened at $103.19 on Friday. Oshkosh Co. has a twelve month low of $90.07 and a twelve month high of $127.98. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 1.04 and a beta of 1.19. The company has a quick ratio of 0.81, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $102.73 and a two-hundred day moving average price of $107.70.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio is presently 17.86%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OSK. Robert W. Baird reduced their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Stifel Nicolaus lowered their target price on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Truist Financial dropped their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Finally, Jefferies Financial Group lowered their target price on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Oshkosh currently has a consensus rating of “Hold” and an average price target 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.