Natixis Advisors LLC Trims Position in Oshkosh Co. (NYSE:OSK)

Natixis Advisors LLC trimmed its position in Oshkosh Co. (NYSE:OSK) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,947 shares of the company’s stock after selling 425 shares during the quarter. Natixis Advisors LLC’s holdings in Oshkosh were worth $1,798,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Greenhaven Associates Inc. increased its holdings in Oshkosh by 0.8% during the 3rd quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock worth $254,181,000 after acquiring an additional 19,442 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Oshkosh by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after purchasing an additional 78,235 shares during the period. American Century Companies Inc. raised its position in shares of 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 buying an additional 235,496 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Oshkosh by 0.4% during the second 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. Finally, AQR Capital Management LLC grew its position in Oshkosh by 15.9% during the second quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock worth $66,405,000 after buying an additional 85,698 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Stock Up 2.1 %

Shares of Oshkosh stock opened at $114.14 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. Oshkosh Co. has a 52-week low of $93.34 and a 52-week high of $127.98. The company’s 50 day moving average price is $105.26 and its 200-day moving average price is $106.75. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 1.10 and a beta of 1.18.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. The business 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%. Equities research analysts forecast that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is currently 17.86%.

Analyst Ratings Changes

Several research firms have weighed in on OSK. JPMorgan Chase & Co. raised their price target on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Truist Financial dropped their target price 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. Stifel Nicolaus cut their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Robert W. Baird lowered their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Evercore ISI cut their target price 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Oshkosh currently has a consensus rating of “Hold” and an average target price of $123.14.

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.