Oshkosh Co. (NYSE:OSK) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of Oshkosh Co. (NYSE:OSK) by 154.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,102 shares of the company’s stock after buying an additional 97,282 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.25% of Oshkosh worth $16,044,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Oshkosh in the second quarter worth about $1,500,000. Cetera Investment Advisers grew its position in shares of Oshkosh by 772.9% in the 1st quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock worth $3,418,000 after acquiring an additional 24,269 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of Oshkosh in the 2nd quarter valued at approximately $1,545,000. Horizon Kinetics Asset Management LLC raised its position in shares of Oshkosh by 3.4% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock valued at $14,144,000 after acquiring an additional 4,680 shares in the last quarter. Finally, Equity Investment Corp lifted its stake in Oshkosh by 1.5% during the third quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock worth $59,012,000 after purchasing an additional 8,611 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on OSK. Evercore ISI lowered their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Truist Financial cut their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Finally, Robert W. Baird lowered their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $123.14.

Oshkosh Price Performance

Shares of NYSE OSK opened at $113.61 on Friday. The firm’s 50-day simple moving average is $106.07 and its 200 day simple moving average is $106.72. The stock has a market cap of $7.39 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.11 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a fifty-two week low of $93.34 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly 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. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Equities analysts expect that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was 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.