Inceptionr LLC Makes New Investment in Oshkosh Co. (NYSE:OSK)

Inceptionr LLC bought a new position in Oshkosh Co. (NYSE:OSK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,526 shares of the company's stock, valued at approximately $906,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in 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 in the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Oshkosh during the 4th quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in shares of Oshkosh in the 3rd quarter valued at $34,000. Proficio Capital Partners LLC purchased a new stake in Oshkosh during the fourth quarter worth $34,000. Finally, V Square Quantitative Management LLC grew its position in 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 period. 92.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. KeyCorp upped their price target on Oshkosh from $113.00 to $132.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Citigroup dropped their price objective on Oshkosh from $125.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Morgan Stanley boosted their price objective on Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. Finally, Raymond James increased their target price on Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Oshkosh presently has an average rating of "Hold" and an average price target of $125.92.

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Oshkosh Price Performance

Shares of NYSE OSK traded down $1.23 during mid-day trading on Monday, reaching $97.11. The company's stock had a trading volume of 834,293 shares, compared to its average volume of 739,430. The stock has a 50-day moving average of $100.81 and a two-hundred day moving average of $102.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The stock has a market capitalization of $6.27 billion, a P/E ratio of 9.38, a P/E/G ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a 1-year low of $89.08 and a 1-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 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%. On average, equities research analysts anticipate 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. Shareholders of record on Monday, February 17th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.10%. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's payout ratio is 19.71%.

Oshkosh Company 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.