Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,455 shares of the company's stock, valued at approximately $899,000.
A number of other institutional investors also recently added to or reduced their stakes in OSK. Blue Trust Inc. raised its position in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after acquiring an additional 138 shares in the last quarter. Carolina Wealth Advisors LLC boosted its holdings in shares of Oshkosh by 2.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company's stock worth $576,000 after purchasing an additional 146 shares during the period. Private Advisor Group LLC grew its position in Oshkosh by 4.0% during the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company's stock valued at $373,000 after purchasing an additional 152 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Oshkosh by 64.1% in the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock valued at $38,000 after buying an additional 157 shares during the period. Finally, Manchester Capital Management LLC lifted its position in Oshkosh by 11.1% in the 4th quarter. Manchester Capital Management LLC now owns 2,143 shares of the company's stock worth $204,000 after buying an additional 214 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.
Analyst Ratings Changes
Several analysts recently issued reports on OSK shares. Bank of America increased their price objective on Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Evercore ISI raised their price target on Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price target on Oshkosh from $127.00 to $117.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Truist Financial increased their price objective on Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Finally, KeyCorp lifted their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $124.38.
View Our Latest Research Report on OSK
Oshkosh Stock Performance
OSK stock traded up $0.30 on Tuesday, reaching $99.00. 603,342 shares of the company were exchanged, compared to its average volume of 541,636. The stock's fifty day moving average price is $101.58 and its 200 day moving average price is $102.31. 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 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The firm has a market capitalization of $6.39 billion, a PE ratio of 9.57, a PEG ratio of 1.45 and a beta of 1.21.
Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share 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 anticipate that Oshkosh Co. will post 10.96 EPS for the current fiscal year.
Oshkosh Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.06%. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh's dividend payout ratio is presently 19.71%.
Oshkosh Profile
(
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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