AXQ Capital LP Reduces Stock Holdings in Oshkosh Co. (NYSE:OSK)

AXQ Capital LP lowered its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 65.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,913 shares of the company's stock after selling 7,472 shares during the quarter. AXQ Capital LP's holdings in Oshkosh were worth $372,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. American Century Companies Inc. increased its position in shares of Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after buying an additional 384,141 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Oshkosh during the 4th quarter worth approximately $23,285,000. BNP Paribas Financial Markets raised its position in shares of Oshkosh by 154.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company's stock worth $16,044,000 after acquiring an additional 97,282 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Oshkosh in the 4th quarter valued at approximately $8,467,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Oshkosh by 29.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company's stock valued at $29,675,000 after purchasing an additional 71,911 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OSK has been the subject of several recent research reports. UBS Group raised their price objective on Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Bank of America boosted their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research note on Monday, February 10th. Evercore ISI raised their target price on shares of Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on Oshkosh from $127.00 to $117.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Finally, Truist Financial raised their price objective on Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Oshkosh presently has a consensus rating of "Hold" and an average price target of $124.38.

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Oshkosh Stock Performance

Shares of Oshkosh stock traded down $0.94 during trading on Thursday, hitting $97.16. 1,303,671 shares of the company's stock traded hands, compared to its average volume of 546,754. Oshkosh Co. has a 1 year low of $89.08 and a 1 year high of $127.98. The business has a 50-day simple moving average of $101.78 and a 200-day simple moving average of $102.30. The stock has a market capitalization of $6.27 billion, a P/E ratio of 9.39, a PEG ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. As a group, analysts forecast that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.10%. Oshkosh's payout ratio is currently 19.71%.

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.