Barclays PLC grew its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 26.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,450 shares of the company's stock after purchasing an additional 29,740 shares during the period. Barclays PLC owned about 0.22% of Oshkosh worth $13,448,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Synovus Financial Corp lifted its stake in shares of Oshkosh by 0.4% in the 4th quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock valued at $2,886,000 after purchasing an additional 106 shares during the period. Bragg Financial Advisors Inc increased its holdings in Oshkosh by 10.0% in the fourth quarter. Bragg Financial Advisors Inc now owns 230,136 shares of the company's stock valued at $21,879,000 after buying an additional 20,828 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Oshkosh in the fourth quarter worth about $986,000. Sterling Capital Management LLC boosted its stake in shares of Oshkosh by 1.4% during the 4th quarter. Sterling Capital Management LLC now owns 64,736 shares of the company's stock worth $6,154,000 after acquiring an additional 915 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Oshkosh by 14.2% during the 4th quarter. Covestor Ltd now owns 6,865 shares of the company's stock valued at $653,000 after acquiring an additional 854 shares during the period. Institutional investors and hedge funds own 92.36% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on OSK. JPMorgan Chase & Co. lowered their price target on Oshkosh from $117.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Truist Financial dropped their price target on shares of Oshkosh from $118.00 to $94.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group reduced their price objective on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Morgan Stanley dropped their target price on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup reduced their price target on shares of Oshkosh from $130.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $115.00.
View Our Latest Research Report on OSK
Oshkosh Price Performance
Shares of NYSE:OSK traded up $0.96 during midday trading on Wednesday, hitting $84.40. The company had a trading volume of 448,099 shares, compared to its average volume of 595,435. Oshkosh Co. has a twelve month low of $76.82 and a twelve month high of $125.00. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The business's 50-day simple moving average is $94.53 and its 200-day simple moving average is $100.32.
Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping 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, research analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current year.
Oshkosh Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.51 dividend. This is a boost from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.42%. Oshkosh's dividend payout ratio is 19.71%.
Oshkosh Profile
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Free Report)
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.
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