Dumont & Blake Investment Advisors LLC Reduces Stock Holdings in Oshkosh Co. (NYSE:OSK)

Dumont & Blake Investment Advisors LLC cut its holdings in shares of Oshkosh Co. (NYSE:OSK) by 22.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,109 shares of the company’s stock after selling 2,312 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Oshkosh were worth $771,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Oshkosh by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock valued at $19,632,000 after acquiring an additional 28,478 shares during the period. Virtu Financial LLC purchased a new stake in Oshkosh in the 3rd quarter valued at about $504,000. Barclays PLC grew its holdings in shares of Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after purchasing an additional 32,435 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in shares of Oshkosh by 57.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after purchasing an additional 7,334 shares during the period. Finally, Horizon Kinetics Asset Management LLC lifted its position in Oshkosh by 3.4% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after acquiring an additional 4,680 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on OSK. JPMorgan Chase & Co. reduced their price target on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Citigroup cut their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Truist Financial cut their target price on Oshkosh from $116.00 to $109.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. KeyCorp raised Oshkosh from a “sector weight” rating to an “overweight” rating and set a $113.00 target price on the stock in a research report on Friday, January 24th. Finally, Robert W. Baird cut their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $121.14.

Oshkosh Price Performance

Shares of OSK stock opened at $113.27 on Friday. The stock’s fifty day moving average is $99.69 and its 200-day moving average is $103.04. 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 stock has a market capitalization of $7.37 billion, a PE ratio of 11.00, a PEG ratio of 1.72 and a beta of 1.21. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Equities research analysts expect that Oshkosh Co. will post 11.34 EPS for the current fiscal year.

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.