Oshkosh Co. (NYSE:OSK) Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. lessened its holdings in shares of Oshkosh Co. (NYSE:OSK) by 15.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,076 shares of the company’s stock after selling 21,630 shares during the quarter. Panagora Asset Management Inc. owned 0.19% of Oshkosh worth $13,100,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Atlas Capital Advisors LLC lifted its holdings in Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after buying an additional 139 shares during the last quarter. Headlands Technologies LLC bought a new position in Oshkosh during the 1st quarter worth approximately $31,000. Rise Advisors LLC lifted its holdings in Oshkosh by 215.5% during the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after buying an additional 181 shares during the last quarter. GAMMA Investing LLC bought a new position in Oshkosh during the 4th quarter worth approximately $42,000. Finally, Bessemer Group Inc. lifted its holdings in Oshkosh by 280.6% during the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after buying an additional 289 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OSK. Bank of America raised their price target on Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a report on Tuesday, May 28th. Evercore ISI cut their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. cut their price target on Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Truist Financial raised their price target on Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Raymond James initiated coverage on Oshkosh in a report on Friday, June 28th. They issued an “outperform” rating and a $125.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $125.07.

Oshkosh Price Performance

Shares of NYSE OSK traded up $1.21 during mid-day trading on Friday, reaching $107.91. The company had a trading volume of 302,538 shares, compared to its average volume of 486,117. The company has a current ratio of 1.44, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market cap of $7.06 billion, a PE ratio of 10.32, a P/E/G ratio of 0.98 and a beta of 1.22. The company has a 50-day moving average price of $105.96 and a two-hundred day moving average price of $112.18. Oshkosh Co. has a 1-year low of $86.10 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.69 EPS. On average, equities analysts anticipate that Oshkosh Co. will post 11.67 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, August 16th. Oshkosh’s payout ratio is 17.61%.

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.