Geode Capital Management LLC Has $109.25 Million Stock Position in Oshkosh Co. (NYSE:OSK)

Geode Capital Management LLC boosted its stake in shares of Oshkosh Co. (NYSE:OSK) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,089,930 shares of the company’s stock after buying an additional 10,357 shares during the period. Geode Capital Management LLC owned about 1.68% of Oshkosh worth $109,250,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. M&T Bank Corp raised its holdings in shares of Oshkosh by 1.4% during the third quarter. M&T Bank Corp now owns 42,378 shares of the company’s stock valued at $4,247,000 after acquiring an additional 582 shares during the period. Barclays PLC grew its position in Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after purchasing an additional 32,435 shares in the last quarter. Groupama Asset Managment acquired a new stake in Oshkosh during the 3rd quarter valued at $391,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of Oshkosh by 57.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock valued at $2,023,000 after purchasing an additional 7,334 shares in the last quarter. Finally, iSAM Funds UK Ltd boosted its position in shares of Oshkosh by 324.0% in the third quarter. iSAM Funds UK Ltd now owns 11,685 shares of the company’s stock worth $1,171,000 after buying an additional 8,929 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

Shares of NYSE OSK opened at $95.27 on Thursday. The business’s 50-day simple moving average is $107.18 and its 200-day simple moving average is $105.59. Oshkosh Co. has a 52 week low of $93.34 and a 52 week high of $127.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 0.98 and a beta of 1.19.

Oshkosh (NYSE:OSK) last released 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. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. As a group, 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 declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is 17.86%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group dropped their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Truist Financial dropped their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Robert W. Baird cut their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report 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 company has a consensus rating of “Hold” and an average price target of $122.86.

About Oshkosh

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.