Groupama Asset Managment Purchases New Holdings in Oshkosh Co. (NYSE:OSK)

Groupama Asset Managment acquired a new position in shares of Oshkosh Co. (NYSE:OSK) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,904 shares of the company’s stock, valued at approximately $391,000.

Several other large investors also recently added to or reduced their stakes in OSK. V Square Quantitative Management LLC acquired a new stake in shares of Oshkosh in the third quarter worth $25,000. Brooklyn Investment Group acquired a new stake in Oshkosh during the 3rd quarter worth about $34,000. Eagle Bay Advisors LLC grew its stake in Oshkosh by 547.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after acquiring an additional 564 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Oshkosh by 9,922.2% in the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after purchasing an additional 893 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Oshkosh by 35.5% during the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after purchasing an additional 262 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Down 2.4 %

Shares of OSK stock opened at $104.04 on Tuesday. The stock’s 50 day simple moving average is $107.22 and its 200 day simple moving average is $106.21. Oshkosh Co. has a twelve month low of $93.34 and a twelve month 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 company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 1.05 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, research analysts predict that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s dividend payout ratio is currently 17.86%.

Analyst Upgrades and Downgrades

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

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.