Two Sigma Advisers LP Sells 65,000 Shares of Oshkosh Co. (NYSE:OSK)

Two Sigma Advisers LP cut its holdings in shares of Oshkosh Co. (NYSE:OSK) by 35.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,700 shares of the company’s stock after selling 65,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.18% of Oshkosh worth $11,895,000 at the end of the most recent reporting period.

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

Oshkosh Stock Down 2.4 %

NYSE OSK opened at $104.04 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 1.05 and a beta of 1.19. The company has a 50 day moving average of $107.22 and a 200-day moving average of $106.21. Oshkosh Co. has a 1-year low of $93.34 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. On average, equities research analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is 17.86%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on OSK shares. Evercore ISI lowered their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Truist Financial dropped their price objective on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. 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 research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price target on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Oshkosh has a consensus rating of “Hold” and an average target price of $123.14.

Oshkosh Company 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.