Charles Schwab Investment Management Inc. Has $68.56 Million Holdings in Oshkosh Co. (NYSE:OSK)

Charles Schwab Investment Management Inc. raised its stake in shares of Oshkosh Co. (NYSE:OSK) by 0.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 684,171 shares of the company’s stock after purchasing an additional 4,974 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.05% of Oshkosh worth $68,561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSK. American Century Companies Inc. lifted its holdings 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 valued at $155,235,000 after purchasing an additional 235,496 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Oshkosh by 3,329.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock valued at $24,073,000 after acquiring an additional 233,218 shares in the last quarter. Renaissance Technologies LLC bought a new position in Oshkosh during the 2nd quarter valued at $11,368,000. AQR Capital Management LLC grew its stake in shares of Oshkosh by 15.9% in the 2nd quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock worth $66,405,000 after acquiring an additional 85,698 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised 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 valued at $196,370,000 after purchasing an additional 78,235 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OSK has been the subject of a number of recent analyst reports. Truist Financial reduced 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. Stifel Nicolaus decreased 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. Robert W. Baird cut their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Evercore ISI cut their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock 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. According to MarketBeat.com, Oshkosh presently has a consensus rating of “Hold” and a consensus price target of $123.14.

Oshkosh Stock Performance

Shares of OSK stock opened at $112.77 on Friday. The firm’s 50 day moving average is $105.60 and its 200 day moving average is $106.74. The stock has a market capitalization of $7.34 billion, a P/E ratio of 10.95, a PEG ratio of 1.12 and a beta of 1.18. Oshkosh Co. has a 12 month low of $93.34 and a 12 month high of $127.98. 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 posted its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate 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 anticipate that Oshkosh Co. will post 11.35 earnings per share for the current 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 given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend 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.