FORA Capital LLC Acquires New Position in Oshkosh Co. (NYSE:OSK)

FORA Capital LLC purchased a new stake in Oshkosh Co. (NYSE:OSK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 14,400 shares of the company’s stock, valued at approximately $1,443,000.

Several other hedge funds have also made changes to their positions in OSK. O Shaughnessy Asset Management LLC purchased a new stake in shares of Oshkosh in the 1st quarter valued at approximately $247,000. Price T Rowe Associates Inc. MD grew its stake in shares of Oshkosh by 6.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,550 shares of the company’s stock valued at $3,936,000 after buying an additional 2,048 shares during the period. Tidal Investments LLC grew its stake in shares of Oshkosh by 21.7% in the 1st quarter. Tidal Investments LLC now owns 5,567 shares of the company’s stock valued at $694,000 after buying an additional 991 shares during the period. Atria Investments Inc grew its stake in shares of Oshkosh by 10.6% in the 1st quarter. Atria Investments Inc now owns 16,214 shares of the company’s stock valued at $2,020,000 after buying an additional 1,551 shares during the period. Finally, Burney Co. grew its stake in shares of Oshkosh by 10.2% in the 1st quarter. Burney Co. now owns 32,567 shares of the company’s stock valued at $4,061,000 after buying an additional 3,016 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on OSK shares. Evercore ISI lowered their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Robert W. Baird lowered their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Truist Financial lowered their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Stifel Nicolaus lowered their price objective on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. One research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $123.14.

Oshkosh Price Performance

Shares of OSK opened at $112.78 on Thursday. Oshkosh Co. has a twelve month low of $93.34 and a twelve month high of $127.98. The firm’s fifty day simple moving average is $105.45 and its 200-day simple moving average is $106.70. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.12 and a beta of 1.18. 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 (NYSE:OSK) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. Equities analysts forecast 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. Stockholders of record on Friday, November 15th will be issued a $0.46 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.63%. Oshkosh’s payout ratio is 17.86%.

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.