Virtu Financial LLC Takes Position in Oshkosh Co. (NYSE:OSK)

Virtu Financial LLC acquired a new stake in shares of Oshkosh Co. (NYSE:OSK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,025 shares of the company’s stock, valued at approximately $504,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in Oshkosh during the 3rd quarter valued at approximately $25,000. Brooklyn Investment Group purchased a new stake in Oshkosh during the 3rd quarter valued at approximately $34,000. 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 valued at $72,000 after acquiring an additional 564 shares during the last quarter. International Assets Investment Management LLC raised its stake in Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after acquiring an additional 893 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Oshkosh by 35.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $100,000 after acquiring an additional 262 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

OSK opened at $100.00 on Monday. The stock has a market cap of $6.51 billion, a P/E ratio of 9.71, a P/E/G ratio of 0.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The stock’s 50 day simple moving average is $107.37 and its 200 day simple moving average is $105.87. Oshkosh Co. has a 1-year low of $93.34 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK) last released 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. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. As a group, equities analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have commented on OSK. JPMorgan Chase & Co. upped their price objective on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Evercore ISI dropped their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Robert W. Baird dropped their target price on 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 dropped their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Finally, UBS Group dropped their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday. One investment 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 company presently has a consensus rating of “Hold” and an average target price of $122.86.

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.