FORA Capital LLC Buys New Stake in Oshkosh Co. (NYSE:OSK)

FORA Capital LLC bought a new stake in Oshkosh Co. (NYSE:OSK) during the third quarter, Holdings Channel.com reports. The fund bought 14,400 shares of the company’s stock, valued at approximately $1,443,000.

A number of other hedge funds have also recently modified their holdings of the stock. Bridgewater Associates LP purchased a new position in shares of Oshkosh in the 3rd quarter valued at $781,000. Freedom Investment Management Inc. grew its position in shares of Oshkosh by 27.7% in the 3rd quarter. Freedom Investment Management Inc. now owns 4,232 shares of the company’s stock valued at $424,000 after buying an additional 919 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Oshkosh by 154.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after buying an additional 97,282 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Oshkosh in the 3rd quarter valued at $34,000. Finally, Quantbot Technologies LP purchased a new position in shares of Oshkosh in the 3rd quarter valued at $4,778,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Down 0.7 %

Shares of NYSE OSK opened at $112.78 on Thursday. 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 52 week low of $93.34 and a 52 week high of $127.98. The firm has a 50-day moving average price of $105.45 and a 200 day moving average price of $106.70. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Equities research analysts anticipate that Oshkosh Co. will post 11.35 EPS 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 paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is 17.86%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Robert W. Baird lowered their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Truist Financial lowered 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. Stifel Nicolaus lowered their price objective on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Evercore ISI lowered their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, JPMorgan Chase & Co. raised their price objective 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 assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $123.14.

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.