Aigen Investment Management LP Purchases Shares of 3,091 Oshkosh Co. (NYSE:OSK)

Aigen Investment Management LP acquired a new stake in shares of Oshkosh Co. (NYSE:OSK) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 3,091 shares of the company’s stock, valued at approximately $310,000.

Other large investors also recently modified their holdings of the company. AE Wealth Management LLC grew its position in Oshkosh by 7.3% during the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after acquiring an additional 127 shares during the last quarter. US Bancorp DE grew its holdings in shares of Oshkosh by 3.0% during the 1st quarter. US Bancorp DE now owns 4,522 shares of the company’s stock valued at $564,000 after purchasing an additional 132 shares during the last quarter. GAMMA Investing LLC raised its position in Oshkosh by 26.2% in the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock worth $79,000 after purchasing an additional 152 shares during the period. Hudson Valley Investment Advisors Inc. ADV lifted its stake in Oshkosh by 4.6% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 4,963 shares of the company’s stock worth $528,000 after purchasing an additional 220 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Oshkosh by 1.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 22,615 shares of the company’s stock valued at $2,447,000 after buying an additional 235 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $108.60 on Friday. Oshkosh Co. has a 12 month low of $93.34 and a 12 month high of $127.98. The firm has a market capitalization of $7.07 billion, a P/E ratio of 10.54, a P/E/G ratio of 1.08 and a beta of 1.18. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $103.91 and a two-hundred day simple moving average of $107.09.

Oshkosh (NYSE:OSK) last issued its quarterly 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. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. On average, equities analysts forecast that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OSK. Stifel Nicolaus dropped their target price on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their price objective on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Evercore ISI decreased their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Robert W. Baird dropped their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, Truist Financial decreased their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. One research 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.com, the stock presently has a consensus rating of “Hold” and an average target price of $123.14.

Oshkosh Company 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.