Point72 Hong Kong Ltd Has $745,000 Stake in Oshkosh Co. (NYSE:OSK)

Point72 Hong Kong Ltd reduced its position in shares of Oshkosh Co. (NYSE:OSK) by 56.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,432 shares of the company’s stock after selling 9,677 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Oshkosh were worth $745,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Oshkosh during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group bought a new stake in shares of Oshkosh in the third quarter worth $34,000. Eagle Bay Advisors LLC boosted its holdings in Oshkosh by 547.6% during the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock worth $72,000 after purchasing an additional 564 shares during the last quarter. GAMMA Investing LLC grew its position in Oshkosh by 26.2% in the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after purchasing an additional 152 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in Oshkosh by 9,922.2% in the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after buying an additional 893 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OSK has been the subject of a number of recent research reports. 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 note on Monday, October 14th. Truist Financial reduced their price target on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Robert W. Baird lowered their price target on 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 price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $123.14.

Oshkosh Stock Performance

Shares of OSK stock opened at $112.15 on Tuesday. Oshkosh Co. has a 52 week low of $93.34 and a 52 week high of $127.98. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.11 and a beta of 1.19. The company has a 50-day simple moving average of $106.07 and a 200 day simple moving average of $106.51. 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 (NYSE:OSK) last issued its quarterly earnings data 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 company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. On average, sell-side analysts predict that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.64%. The ex-dividend date was Friday, November 15th. Oshkosh’s payout ratio is 17.86%.

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.