Integrated Wealth Concepts LLC Acquires New Position in Oshkosh Co. (NYSE:OSK)

Integrated Wealth Concepts LLC acquired a new stake in shares of Oshkosh Co. (NYSE:OSK) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,971 shares of the company’s stock, valued at approximately $498,000.

Other institutional investors have also modified their holdings of the company. Greenhaven Associates Inc. grew its position in Oshkosh by 0.8% in the 3rd quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock worth $254,181,000 after purchasing an additional 19,442 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Oshkosh by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after acquiring an additional 78,235 shares during the period. American Century Companies Inc. lifted its stake in shares of Oshkosh by 19.6% in the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after acquiring an additional 235,496 shares during the period. FMR LLC increased its holdings in shares of Oshkosh by 3.3% in the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after buying an additional 39,235 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Oshkosh by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock worth $68,561,000 after purchasing an additional 4,974 shares during the period. Institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OSK shares. Robert W. Baird reduced 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. Evercore ISI reduced their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. 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, JPMorgan Chase & Co. raised their price target on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. One 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $123.14.

Oshkosh Stock Performance

Shares of OSK opened at $101.49 on Wednesday. The company has a market capitalization of $6.60 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 1.05 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. Oshkosh Co. has a one year low of $93.34 and a one year high of $127.98. The company’s fifty day moving average price is $107.28 and its 200 day moving average price is $106.11.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.06. The business had revenue of $2.74 billion during 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, analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.81%. Oshkosh’s payout ratio is 17.86%.

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.