Edgestream Partners L.P. Raises Holdings in Oshkosh Co. (NYSE:OSK)

Edgestream Partners L.P. increased its position in Oshkosh Co. (NYSE:OSK) by 704.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 68,023 shares of the company’s stock after purchasing an additional 59,566 shares during the period. Edgestream Partners L.P. owned 0.10% of Oshkosh worth $6,817,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in OSK. Greenhaven Associates Inc. lifted its stake in Oshkosh by 0.8% in the third quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock valued at $254,181,000 after buying an additional 19,442 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Oshkosh by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock valued at $196,370,000 after acquiring an additional 78,235 shares during the period. American Century Companies Inc. raised its position in Oshkosh by 19.6% in the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after purchasing an additional 235,496 shares during the last quarter. FMR LLC boosted its stake in Oshkosh by 3.3% during the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company’s stock worth $122,646,000 after purchasing an additional 39,235 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Oshkosh by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock worth $68,561,000 after purchasing an additional 4,974 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Up 0.7 %

OSK stock opened at $113.61 on Friday. 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’s 50-day moving average price is $105.81 and its 200 day moving average price is $106.78. Oshkosh Co. has a 52 week low of $93.34 and a 52 week high of $127.98. The company has a market cap of $7.39 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.11 and a beta of 1.18.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. The business had revenue of $2.74 billion for 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%. On average, 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. Stockholders of record on Friday, November 15th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Friday, November 15th. Oshkosh’s dividend payout ratio is currently 17.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on OSK shares. Truist Financial decreased their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Evercore ISI decreased their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. boosted their target price on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Finally, Robert W. Baird cut their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $123.14.

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.