Livforsakringsbolaget Skandia Omsesidigt Grows Stock Holdings in Oshkosh Co. (NYSE:OSK)

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Oshkosh Co. (NYSE:OSK) by 24.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 14,400 shares of the company’s stock after buying an additional 2,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Oshkosh were worth $1,442,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Atlas Capital Advisors LLC raised its stake in Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 139 shares during the period. Headlands Technologies LLC bought a new position in shares of Oshkosh during the first quarter worth $31,000. Rise Advisors LLC boosted its position in shares of Oshkosh by 215.5% during the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after acquiring an additional 181 shares during the last quarter. Bessemer Group Inc. increased its holdings in Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after acquiring an additional 289 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Oshkosh by 5,563.6% in the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock worth $67,000 after purchasing an additional 612 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Up 4.3 %

Shares of NYSE:OSK opened at $103.96 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. The business has a 50 day simple moving average of $101.61 and a two-hundred day simple moving average of $109.56. Oshkosh Co. has a 1 year low of $86.10 and a 1 year high of $127.98. The firm has a market capitalization of $6.80 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 0.96 and a beta of 1.19.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, beating the consensus estimate of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the company posted $2.69 EPS. Oshkosh’s quarterly revenue was up 18.0% on a year-over-year basis. On average, equities analysts predict that Oshkosh Co. will post 11.62 EPS for the current year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.46 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.84 annualized dividend and a yield of 1.77%. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on OSK shares. Stifel Nicolaus cut their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Raymond James assumed coverage on Oshkosh in a report on Friday, June 28th. They set an “outperform” rating and a $125.00 price objective on the stock. Truist Financial cut their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, Evercore ISI dropped their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $124.93.

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.