Charles Schwab Investment Management Inc. Acquires 4,974 Shares of Oshkosh Co. (NYSE:OSK)

Charles Schwab Investment Management Inc. boosted its holdings in Oshkosh Co. (NYSE:OSK) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 684,171 shares of the company’s stock after acquiring an additional 4,974 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Oshkosh were worth $68,561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its position 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 worth $155,235,000 after purchasing an additional 235,496 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Oshkosh by 3,329.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after buying an additional 233,218 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Oshkosh in the 2nd quarter worth $11,368,000. AQR Capital Management LLC raised its position in shares of Oshkosh by 15.9% during the 2nd quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock valued at $66,405,000 after buying an additional 85,698 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Oshkosh by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after acquiring an additional 78,235 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Oshkosh stock opened at $112.77 on Friday. Oshkosh Co. has a 1-year low of $93.34 and a 1-year high of $127.98. The firm has a market cap of $7.34 billion, a P/E ratio of 10.95, a P/E/G ratio of 1.12 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 firm has a 50-day moving average of $105.60 and a 200-day moving average of $106.74.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. The firm 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%. Sell-side analysts expect that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.46 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.63%. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Wall Street Analysts Forecast Growth

OSK has been the topic of a number of research analyst reports. Evercore ISI reduced their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. raised their price objective on Oshkosh from $120.00 to $125.00 and gave the company 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, October 31st. Truist Financial reduced their price target 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. Finally, Stifel Nicolaus lowered 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. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.