Pathstone Holdings LLC Acquires 819 Shares of Oshkosh Co. (NYSE:OSK)

Pathstone Holdings LLC lifted its stake in shares of Oshkosh Co. (NYSE:OSK) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,895 shares of the company’s stock after buying an additional 819 shares during the quarter. Pathstone Holdings LLC’s holdings in Oshkosh were worth $3,196,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in Oshkosh in the third quarter worth $25,000. Bessemer Group Inc. grew its stake in shares of Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after buying an additional 289 shares during the period. Versant Capital Management Inc increased its position in Oshkosh by 5,563.6% in the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock valued at $67,000 after buying an additional 612 shares in the last quarter. Eagle Bay Advisors LLC raised its stake in Oshkosh by 547.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock worth $72,000 after buying an additional 564 shares during the period. Finally, GAMMA Investing LLC grew its stake in Oshkosh by 26.2% in 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.

Oshkosh Price Performance

Shares of NYSE OSK opened at $111.81 on Monday. 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 Co. has a fifty-two week low of $93.34 and a fifty-two week high of $127.98. The stock has a market cap of $7.28 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. The stock has a fifty day moving average of $105.02 and a 200-day moving average of $106.79.

Oshkosh (NYSE:OSK) last posted its earnings results 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 business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Equities research analysts anticipate that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders 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 dividend on an annualized basis and a yield of 1.65%. Oshkosh’s dividend payout ratio is currently 17.86%.

Analyst Upgrades and Downgrades

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

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.