Dimensional Fund Advisors LP Grows Stock Position in Oshkosh Co. (NYSE:OSK)

Dimensional Fund Advisors LP grew its holdings in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,317,709 shares of the company's stock after acquiring an additional 206,377 shares during the period. Dimensional Fund Advisors LP owned about 3.56% of Oshkosh worth $220,342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Oshkosh by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company's stock worth $19,632,000 after purchasing an additional 28,478 shares during the period. Barclays PLC increased its position in shares of Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock valued at $11,192,000 after purchasing an additional 32,435 shares during the period. Virtu Financial LLC bought a new stake in Oshkosh in the third quarter worth about $504,000. Semanteon Capital Management LP lifted its stake in Oshkosh by 29.1% during the fourth quarter. Semanteon Capital Management LP now owns 14,820 shares of the company's stock valued at $1,409,000 after purchasing an additional 3,342 shares during the last quarter. Finally, Entropy Technologies LP boosted its stake in shares of Oshkosh by 29.0% during the 4th quarter. Entropy Technologies LP now owns 20,018 shares of the company's stock worth $1,903,000 after acquiring an additional 4,498 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Stock Up 2.1 %

Shares of OSK opened at $83.40 on Wednesday. The firm's 50-day simple moving average is $94.53 and its 200 day simple moving average is $100.32. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The firm has a market cap of $5.39 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Oshkosh Co. has a 52 week low of $76.82 and a 52 week high of $125.00.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a $0.51 dividend. 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 annualized dividend and a yield of 2.45%. Oshkosh's dividend payout ratio (DPR) is 19.71%.

Wall Street Analysts Forecast Growth

OSK has been the topic of several analyst reports. Citigroup dropped their target price on shares of Oshkosh from $130.00 to $95.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. UBS Group lowered their price target on Oshkosh from $137.00 to $97.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Raymond James increased their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. 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 report on Tuesday, April 8th. Finally, Bank of America boosted their price objective on Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $114.62.

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.

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