Los Angeles Capital Management LLC Sells 198,644 Shares of Oshkosh Co. (NYSE:OSK)

Los Angeles Capital Management LLC lessened its holdings in shares of Oshkosh Co. (NYSE:OSK) by 97.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,200 shares of the company’s stock after selling 198,644 shares during the period. Los Angeles Capital Management LLC’s holdings in Oshkosh were worth $421,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of Oshkosh during the third quarter worth $25,000. Bessemer Group Inc. lifted its stake in shares of Oshkosh by 280.6% during the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after acquiring an additional 289 shares during the period. Versant Capital Management Inc lifted its stake in shares of Oshkosh by 5,563.6% during the second quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock valued at $67,000 after acquiring an additional 612 shares during the period. Eagle Bay Advisors LLC lifted its stake in shares of Oshkosh by 547.6% during the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after acquiring an additional 564 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Oshkosh by 26.2% during the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after acquiring an additional 152 shares during the period. Institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OSK. Truist Financial cut their price target on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI cut their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Stifel Nicolaus cut their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. JPMorgan Chase & Co. increased their target price on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Finally, Robert W. Baird cut their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh has an average rating of “Hold” and an average price target of $123.14.

Oshkosh Stock Down 2.7 %

NYSE:OSK opened at $108.60 on Monday. The stock has a 50-day simple moving average of $103.91 and a 200 day simple moving average of $107.01. Oshkosh Co. has a 52-week low of $93.34 and a 52-week high of $127.98. The company has a market cap of $7.07 billion, a PE ratio of 10.54, a PEG ratio of 1.06 and a beta of 1.18. 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 announced its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. On average, sell-side analysts expect that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend 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.