Covea Finance Increases Stake in Oshkosh Co. (NYSE:OSK)

Covea Finance boosted its position in Oshkosh Co. (NYSE:OSK) by 81.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,000 shares of the company’s stock after purchasing an additional 13,500 shares during the period. Covea Finance’s holdings in Oshkosh were worth $2,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of Oshkosh during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group acquired a new position in Oshkosh during the third quarter worth $34,000. International Assets Investment Management LLC raised its position in Oshkosh by 9,922.2% in the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after acquiring an additional 893 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Oshkosh by 35.5% in the third 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 period. Finally, KBC Group NV boosted its position in shares of Oshkosh by 15.2% during the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Up 1.3 %

NYSE OSK opened at $93.01 on Wednesday. The company has a market cap of $6.05 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.98 and a beta of 1.21. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98. 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 company has a 50-day moving average of $103.12 and a 200-day moving average of $103.77.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate 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 predict that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Friday, November 15th. Oshkosh’s payout ratio is currently 17.86%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group decreased their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Truist Financial boosted their price target on Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. 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 research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Citigroup dropped their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $122.31.

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.