Wellington Management Group LLP Acquires 1,665 Shares of Oshkosh Co. (NYSE:OSK)

Wellington Management Group LLP increased its holdings in shares of Oshkosh Co. (NYSE:OSK) by 10.5% in the third quarter, Holdings Channel.com reports. The firm owned 17,477 shares of the company’s stock after purchasing an additional 1,665 shares during the quarter. Wellington Management Group LLP’s holdings in Oshkosh were worth $1,751,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of OSK. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Oshkosh by 5.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,104 shares of the company’s stock worth $1,201,000 after acquiring an additional 532 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Oshkosh by 8.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,086 shares of the company’s stock valued at $1,416,000 after purchasing an additional 1,000 shares during the period. Raymond James & Associates raised its stake in shares of Oshkosh by 3.8% in the 2nd quarter. Raymond James & Associates now owns 75,732 shares of the company’s stock valued at $8,194,000 after purchasing an additional 2,800 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Oshkosh by 45.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,756 shares of the company’s stock worth $298,000 after buying an additional 862 shares during the period. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of Oshkosh during the second quarter worth about $218,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on OSK. UBS Group cut their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Truist Financial cut 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. Robert W. Baird decreased their target price 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, JPMorgan Chase & Co. boosted their price target on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. One 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $122.86.

Oshkosh Trading Down 2.5 %

Oshkosh stock opened at $95.27 on Thursday. The stock has a 50-day simple moving average of $107.18 and a 200 day simple moving average of $105.59. The stock has a market capitalization of $6.20 billion, a P/E ratio of 9.25, a PEG ratio of 0.98 and a beta of 1.19. 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 52 week low of $93.34 and a 52 week high of $127.98.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Friday, November 15th. Oshkosh’s dividend payout ratio is presently 17.86%.

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.