ING Groep NV Takes $3.57 Million Position in Oshkosh Co. (NYSE:OSK)

ING Groep NV bought a new position in shares of Oshkosh Co. (NYSE:OSK) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 35,600 shares of the company’s stock, valued at approximately $3,567,000. ING Groep NV owned about 0.05% of Oshkosh as of its most recent SEC filing.

Several other large investors have also made changes to their positions in OSK. Headlands Technologies LLC acquired a new position in Oshkosh during the 1st quarter valued at about $31,000. US Bancorp DE boosted its stake in Oshkosh by 3.0% in the first quarter. US Bancorp DE now owns 4,522 shares of the company’s stock valued at $564,000 after acquiring an additional 132 shares during the last quarter. Blair William & Co. IL grew its holdings in Oshkosh by 67.2% during the 1st quarter. Blair William & Co. IL now owns 16,963 shares of the company’s stock worth $2,115,000 after acquiring an additional 6,815 shares during the period. Vanguard Group Inc. raised its position in shares of Oshkosh by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock valued at $978,797,000 after acquiring an additional 718,122 shares during the last quarter. Finally, Davis R M Inc. lifted its stake in shares of Oshkosh by 7.0% in the 1st quarter. Davis R M Inc. now owns 162,474 shares of the company’s stock valued at $20,262,000 after purchasing an additional 10,642 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Down 2.3 %

Shares of Oshkosh stock opened at $108.60 on Friday. The firm has a market cap of $7.07 billion, a PE ratio of 10.54, a P/E/G ratio of 1.08 and a beta of 1.18. The business’s 50 day simple moving average is $103.91 and its 200 day simple moving average is $107.05. 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 announced its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS 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%. On average, analysts predict that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio is currently 17.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on OSK shares. Robert W. Baird dropped their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. increased their price target 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. Evercore ISI decreased their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Truist Financial reduced their price target 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. Finally, Stifel Nicolaus decreased their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. One equities research 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.com, the stock presently has an average rating of “Hold” and an average target price of $123.14.

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.