Empowered Funds LLC grew its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 239.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,686 shares of the company's stock after acquiring an additional 29,397 shares during the period. Empowered Funds LLC owned about 0.06% of Oshkosh worth $3,963,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of Oshkosh in the third quarter worth $25,000. Blue Trust Inc. grew its stake in shares of Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Oshkosh during the fourth quarter worth $32,000. Brooklyn Investment Group acquired a new position in shares of Oshkosh during the third quarter worth $34,000. Finally, International Assets Investment Management LLC grew its stake in shares of Oshkosh by 9,922.2% during the third quarter. International Assets Investment Management LLC now owns 902 shares of the company's stock worth $90,000 after purchasing an additional 893 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on OSK. Citigroup lowered their target price on shares of Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Raymond James boosted their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Truist Financial boosted their target price 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. Morgan Stanley upped their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Finally, Bank of America upped their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $124.85.
View Our Latest Report on OSK
Oshkosh Stock Performance
Shares of NYSE:OSK traded down $1.25 on Friday, reaching $107.27. The company's stock had a trading volume of 587,145 shares, compared to its average volume of 782,344. The stock's 50-day moving average is $99.35 and its two-hundred day moving average is $102.86. Oshkosh Co. has a 52-week low of $89.08 and a 52-week 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 stock has a market capitalization of $6.98 billion, a P/E ratio of 10.36, a PEG ratio of 1.89 and a beta of 1.23.
Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $2.58 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, sell-side analysts forecast that Oshkosh Co. will post 10.95 EPS for the current year.
Oshkosh Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a dividend of $0.51 per share. This is a boost from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, February 14th. Oshkosh's dividend payout ratio is currently 17.78%.
About Oshkosh
(
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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