Equity Investment Corp Sells 4,016 Shares of Oshkosh Corporation $OSK

Equity Investment Corp decreased its holdings in Oshkosh Corporation (NYSE:OSK) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 593,681 shares of the company’s stock after selling 4,016 shares during the quarter. Equity Investment Corp owned approximately 0.97% of Oshkosh worth $76,478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new position in Oshkosh during the 2nd quarter worth about $913,816,000. Dimensional Fund Advisors LP increased its stake in shares of Oshkosh by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company’s stock valued at $449,166,000 after buying an additional 46,306 shares during the period. First Trust Advisors LP increased its stake in shares of Oshkosh by 6.3% in the first quarter. First Trust Advisors LP now owns 1,290,424 shares of the company’s stock valued at $189,963,000 after buying an additional 76,620 shares during the period. Bank of America Corp DE raised its position in shares of Oshkosh by 0.9% during the first quarter. Bank of America Corp DE now owns 978,610 shares of the company’s stock worth $144,061,000 after acquiring an additional 8,531 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Oshkosh during the second quarter worth about $92,996,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Up 0.1%

Shares of NYSE:OSK opened at $140.00 on Wednesday. Oshkosh Corporation has a 1 year low of $116.77 and a 1 year high of $180.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 1.00. The business’s 50-day moving average is $137.63 and its 200-day moving average is $145.98. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 1.27 and a beta of 1.27.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, October 29th. The company reported $2.41 EPS for the quarter, missing the consensus estimate of $3.06 by ($0.65). Oshkosh had a return on equity of 11.69% and a net margin of 4.63%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business earned $3.20 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts predict that Oshkosh Corporation will post 8.79 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.28 annualized dividend and a yield of 1.6%. Oshkosh’s payout ratio is 28.79%.

Insider Activity

In other Oshkosh news, Director John Pfeifer sold 778 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $150.00, for a total transaction of $116,700.00. Following the transaction, the director directly owned 150,669 shares in the company, valued at approximately $22,600,350. This represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on OSK. Raymond James Financial reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Oshkosh in a research note on Monday. Truist Financial reissued a “buy” rating and set a $161.00 target price (down from $174.00) on shares of Oshkosh in a research report on Friday, October 30th. Barclays raised their price target on shares of Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Morgan Stanley dropped their price target on shares of Oshkosh from $147.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 3rd. Finally, Robert W. Baird upped their price objective on shares of Oshkosh from $172.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.79.

Oshkosh Company Profile

Oshkosh Corporation is a manufacturer of specialty vehicles and equipment for customers in construction, emergency response, waste services, airports and defense. Its products include JLG aerial work platforms and telehandlers, fire and emergency vehicles, refuse collection trucks, concrete mixers, airport snow removal equipment and military vehicles. The company operates through Access, Vocational and Defense businesses, with well-known brands including JLG, Pierce, McNeilus and Oshkosh. Its equipment serves customers in the United States and international markets.