Banco Santander S.A. Lowers Stock Holdings in Oshkosh Co. (NYSE:OSK)

Banco Santander S.A. lowered its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,151 shares of the company's stock after selling 7,889 shares during the period. Banco Santander S.A. owned 0.14% of Oshkosh worth $8,856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in OSK. Callan Family Office LLC acquired a new stake in Oshkosh during the 4th quarter worth about $427,000. Inceptionr LLC acquired a new stake in shares of Oshkosh during the fourth quarter worth about $906,000. Raymond James Financial Inc. purchased a new stake in Oshkosh in the fourth quarter valued at approximately $8,467,000. Aigen Investment Management LP raised its position in Oshkosh by 82.4% during the 4th quarter. Aigen Investment Management LP now owns 5,637 shares of the company's stock worth $536,000 after buying an additional 2,546 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Oshkosh in the 4th quarter valued at $34,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OSK. Truist Financial raised their price objective on shares of Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Evercore ISI boosted their price target on shares of Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. KeyCorp raised their target price on Oshkosh from $113.00 to $132.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Bank of America raised their price target on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Finally, Citigroup reduced their price objective on shares of Oshkosh from $125.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $125.92.

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Oshkosh Stock Down 0.8 %

Oshkosh stock traded down $0.73 during trading on Wednesday, reaching $95.52. The stock had a trading volume of 493,294 shares, compared to its average volume of 732,745. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $100.90 and a 200 day moving average price of $102.86. The stock has a market cap of $6.16 billion, a PE ratio of 9.23, a P/E/G ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98.

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 return on equity of 19.31% and a net margin of 6.34%. On average, analysts predict that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's dividend payout ratio (DPR) is currently 19.71%.

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.