Pathstone Holdings LLC Buys 819 Shares of Oshkosh Co. (NYSE:OSK)

Pathstone Holdings LLC lifted its stake in Oshkosh Co. (NYSE:OSK) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,895 shares of the company’s stock after buying an additional 819 shares during the period. Pathstone Holdings LLC’s holdings in Oshkosh were worth $3,196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in Oshkosh during the 3rd quarter worth approximately $25,000. Bessemer Group Inc. grew its holdings in shares of Oshkosh by 280.6% in the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after purchasing an additional 289 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Oshkosh by 5,563.6% in the second quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock worth $67,000 after buying an additional 612 shares during the period. Eagle Bay Advisors LLC raised its holdings 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 buying an additional 564 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Oshkosh by 26.2% during the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after buying an additional 152 shares during the period. Institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on OSK. Truist Financial decreased their price objective 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. Stifel Nicolaus lowered their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Evercore ISI cut their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. JPMorgan Chase & Co. upped 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 dropped 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $123.14.

Oshkosh Trading Up 2.3 %

Shares of NYSE OSK opened at $111.81 on Monday. Oshkosh Co. has a 1 year low of $93.34 and a 1 year high of $127.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The firm has a 50-day moving average of $105.02 and a 200 day moving average of $106.79. The stock has a market cap of $7.28 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion during 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, sell-side analysts expect that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.65%. Oshkosh’s payout ratio is presently 17.86%.

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.