Equity Investment Corp Purchases 10,088 Shares of Oshkosh Co. (NYSE:OSK)

Equity Investment Corp grew its position in Oshkosh Co. (NYSE:OSK - Free Report) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 598,972 shares of the company's stock after acquiring an additional 10,088 shares during the period. Equity Investment Corp owned 0.92% of Oshkosh worth $56,944,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Greenhaven Associates Inc. increased its holdings in Oshkosh by 0.6% in the fourth quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company's stock valued at $242,629,000 after purchasing an additional 15,622 shares during the period. FMR LLC increased its holdings in Oshkosh by 3.3% in the third quarter. FMR LLC now owns 1,223,891 shares of the company's stock valued at $122,646,000 after purchasing an additional 39,235 shares during the period. Geode Capital Management LLC increased its holdings in Oshkosh by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company's stock valued at $109,250,000 after purchasing an additional 10,357 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Oshkosh by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company's stock valued at $68,561,000 after purchasing an additional 4,974 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Oshkosh by 2.0% in the fourth quarter. Bank of New York Mellon Corp now owns 574,759 shares of the company's stock valued at $54,642,000 after purchasing an additional 11,061 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OSK shares. Citigroup decreased their price objective on Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. UBS Group increased their price target on Oshkosh from $125.00 to $137.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Truist Financial increased their price target on Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Bank of America increased their price target on Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their price target on Oshkosh from $115.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $125.92.

Oshkosh Stock Up 0.9 %

Shares of OSK stock traded up $0.96 on Friday, reaching $102.30. 483,642 shares of the company were exchanged, compared to its average volume of 720,237. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 1.45 and a beta of 1.23. The company has a 50-day moving average of $100.60 and a 200-day moving average of $103.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. Oshkosh Co. has a one year low of $89.08 and a one year high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data 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 net margin of 6.34% and a return on equity of 19.31%. Analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be given a $0.51 dividend. This is a boost from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date is Friday, February 14th. This represents a $2.04 annualized dividend and a yield of 1.99%. Oshkosh's dividend payout ratio (DPR) is presently 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.