Horizon Kinetics Asset Management LLC Purchases 4,680 Shares of Oshkosh Co. (NYSE:OSK)

Horizon Kinetics Asset Management LLC raised its holdings in Oshkosh Co. (NYSE:OSK) by 3.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 141,140 shares of the company’s stock after buying an additional 4,680 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Oshkosh were worth $14,144,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in OSK. Greenhaven Associates Inc. lifted its position in Oshkosh by 0.8% during the 3rd quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock valued at $254,181,000 after acquiring an additional 19,442 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Oshkosh by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock valued at $196,370,000 after purchasing an additional 78,235 shares during the last quarter. American Century Companies Inc. boosted its holdings in Oshkosh by 19.6% in the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after purchasing an additional 235,496 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Oshkosh by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock valued at $68,561,000 after buying an additional 4,974 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Oshkosh by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 631,351 shares of the company’s stock valued at $68,312,000 after buying an additional 2,645 shares during the period. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Up 2.3 %

NYSE OSK opened at $111.81 on Monday. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a 12 month low of $93.34 and a 12 month high of $127.98. The stock’s 50 day moving average is $105.02 and its 200 day moving average is $106.79. The stock has a market cap of $7.28 billion, a PE ratio of 10.86, a P/E/G ratio of 1.10 and a beta of 1.18.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Research analysts predict that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, November 15th. Oshkosh’s payout ratio is 17.86%.

Wall Street Analyst Weigh In

OSK has been the subject of a number of research reports. Robert W. Baird reduced their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus dropped their price objective on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Evercore ISI reduced their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Truist Financial decreased their price target on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, 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.