Gabelli Funds LLC raised its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 33.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,000 shares of the company's stock after buying an additional 4,000 shares during the quarter. Gabelli Funds LLC's holdings in Oshkosh were worth $1,521,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in Oshkosh in the fourth quarter worth about $32,000. Proficio Capital Partners LLC bought a new position in shares of Oshkosh in the fourth quarter worth approximately $34,000. V Square Quantitative Management LLC grew its holdings in shares of Oshkosh by 64.1% during the fourth 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 last quarter. Finally, Twin Tree Management LP bought a new stake in shares of Oshkosh during the fourth quarter valued at approximately $41,000. 92.36% of the stock is owned by institutional investors.
Oshkosh Stock Performance
NYSE OSK traded up $0.96 on Wednesday, reaching $84.40. 354,523 shares of the stock were exchanged, compared to its average volume of 595,435. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a one year low of $76.82 and a one year high of $125.00. The company's 50-day simple moving average is $94.53 and its two-hundred day simple moving average is $100.32. The firm has a market capitalization of $5.45 billion, a PE ratio of 8.15, a PEG ratio of 1.45 and a beta of 1.26.
Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Analysts expect that Oshkosh Co. will post 10.96 EPS for the current fiscal year.
Oshkosh Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a dividend of $0.51 per share. The ex-dividend date 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 (DPR) is presently 19.71%.
Wall Street Analysts Forecast Growth
Several analysts have commented on OSK shares. UBS Group cut their target price on Oshkosh from $137.00 to $97.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. DA Davidson set a $120.00 price objective on Oshkosh in a research report on Monday. Bank of America boosted their target price on Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. KeyCorp reduced their price target on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Oshkosh from $117.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $115.00.
View Our Latest Report on Oshkosh
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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