HighTower Advisors LLC cut its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 107,342 shares of the company's stock after selling 4,669 shares during the quarter. HighTower Advisors LLC owned about 0.16% of Oshkosh worth $10,205,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its position in Oshkosh by 108.7% in the fourth 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. Carolina Wealth Advisors LLC lifted its stake in Oshkosh by 2.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company's stock valued at $576,000 after buying an additional 146 shares during the last quarter. Private Advisor Group LLC lifted its stake in Oshkosh by 4.0% in the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company's stock valued at $373,000 after buying an additional 152 shares during the last quarter. V Square Quantitative Management LLC increased 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 purchasing an additional 157 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in shares of Oshkosh by 11.1% during the fourth quarter. Manchester Capital Management LLC now owns 2,143 shares of the company's stock valued at $204,000 after purchasing an additional 214 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.
Oshkosh Stock Up 0.4 %
OSK stock traded up $0.36 during trading on Thursday, hitting $97.68. 677,594 shares of the company's stock traded hands, compared to its average volume of 742,240. The business has a fifty day simple moving average of $101.21 and a two-hundred day simple moving average of $102.43. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 1 year low of $89.08 and a 1 year high of $127.98. The firm has a market capitalization of $6.30 billion, a P/E ratio of 9.44, a PEG ratio of 1.45 and a beta of 1.21.
Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $2.58 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%. Sell-side analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current year.
Oshkosh Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.09%. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh's dividend payout ratio (DPR) is presently 19.71%.
Wall Street Analyst Weigh In
OSK has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Oshkosh from $98.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. Evercore ISI increased their price objective on Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. The Goldman Sachs Group decreased their price target on Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a report on Wednesday. Raymond James raised their price target on Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, Truist Financial raised their price target on Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Oshkosh presently has a consensus rating of "Hold" and an average target price of $124.38.
Check Out Our Latest Stock Report on Oshkosh
Oshkosh Profile
(
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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