Tidal Investments LLC Grows Stake in Oshkosh Co. (NYSE:OSK)

Tidal Investments LLC raised its holdings in Oshkosh Co. (NYSE:OSK) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,841 shares of the company’s stock after buying an additional 827 shares during the quarter. Tidal Investments LLC’s holdings in Oshkosh were worth $1,086,000 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 OSK. Sumitomo Mitsui Trust Holdings Inc. increased its position in Oshkosh by 8.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,086 shares of the company’s stock valued at $1,416,000 after purchasing an additional 1,000 shares during the period. Raymond James & Associates raised its stake in Oshkosh by 3.8% in the second quarter. Raymond James & Associates now owns 75,732 shares of the company’s stock worth $8,194,000 after buying an additional 2,800 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Oshkosh by 45.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,756 shares of the company’s stock worth $298,000 after buying an additional 862 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in Oshkosh during the 2nd quarter valued at approximately $218,000. Finally, LRI Investments LLC grew its holdings in shares of Oshkosh by 13,833.3% during the 2nd quarter. LRI Investments LLC now owns 1,672 shares of the company’s stock worth $181,000 after acquiring an additional 1,660 shares during the period. Institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OSK. Truist Financial raised their target price on Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a research note on Thursday. Robert W. Baird dropped their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. UBS Group decreased their price target 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. Finally, 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $123.00.

Oshkosh Stock Down 1.1 %

Oshkosh stock opened at $94.19 on Friday. Oshkosh Co. has a 12 month low of $93.34 and a 12 month high of $127.98. The stock has a fifty day simple moving average of $107.07 and a two-hundred day simple moving average of $105.51. 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 firm has a market cap of $6.13 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 0.98 and a beta of 1.19.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Equities analysts predict 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 was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s dividend payout ratio is currently 17.86%.

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.