Fmr LLC Buys 159,667 Shares of Oshkosh Co. (NYSE:OSK)

FMR LLC grew its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,383,558 shares of the company's stock after purchasing an additional 159,667 shares during the quarter. FMR LLC owned approximately 2.13% of Oshkosh worth $131,535,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after acquiring an additional 138 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Oshkosh in the fourth quarter valued at about $32,000. Proficio Capital Partners LLC bought a new position in shares of Oshkosh during the fourth quarter valued at about $34,000. V Square Quantitative Management LLC boosted its holdings in Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock worth $38,000 after purchasing an additional 157 shares during the last quarter. Finally, Twin Tree Management LP bought a new stake in Oshkosh in the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Price Performance

OSK traded down $0.06 during trading on Friday, reaching $84.42. 420,699 shares of the company were exchanged, compared to its average volume of 593,050. Oshkosh Co. has a 12-month low of $76.82 and a 12-month high of $125.00. The company's 50-day moving average is $96.10 and its two-hundred day moving average is $100.65. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 8.16, a P/E/G ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly 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 net margin of 6.34% and a return on equity of 19.31%. Research analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current fiscal 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 issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.42%. This is a boost from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's dividend payout ratio is presently 19.71%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on OSK shares. Truist Financial cut their target price on Oshkosh from $118.00 to $94.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Citigroup reduced their price objective on Oshkosh from $130.00 to $95.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Evercore ISI lifted their target price on Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Raymond James increased their price target on shares of Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group lowered their price objective on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average 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.