EMC Capital Management Has $604,000 Position in Oshkosh Co. (NYSE:OSK)

EMC Capital Management raised its stake in Oshkosh Co. (NYSE:OSK) by 163.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,030 shares of the company’s stock after acquiring an additional 3,739 shares during the period. EMC Capital Management’s holdings in Oshkosh were worth $604,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in shares of Oshkosh during the 3rd quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in shares of Oshkosh in the 1st quarter valued at $31,000. Bessemer Group Inc. raised its stake in Oshkosh by 280.6% during the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after acquiring an additional 289 shares in the last quarter. Versant Capital Management Inc lifted its holdings 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 acquiring an additional 612 shares during the last quarter. Finally, Eagle Bay Advisors LLC boosted its stake in shares of Oshkosh by 547.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after purchasing an additional 564 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on OSK shares. JPMorgan Chase & Co. upped their price target on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Robert W. Baird dropped their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday. Jefferies Financial Group reduced their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Stifel Nicolaus dropped their price objective on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Truist Financial reduced their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $123.14.

Oshkosh Stock Performance

Shares of OSK opened at $103.19 on Friday. The firm’s fifty day simple moving average is $102.73 and its two-hundred day simple moving average is $107.70. Oshkosh Co. has a 12 month low of $90.07 and a 12 month high of $127.98. The company has a current ratio of 1.46, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $6.72 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 1.04 and a beta of 1.19.

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

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.46 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.78%. Oshkosh’s dividend payout ratio is currently 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.