Levin Capital Strategies L.P. acquired a new position in Oshkosh Co. (NYSE:OSK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,000 shares of the company's stock, valued at approximately $951,000.
Other large investors have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new position in shares of Oshkosh during the 4th quarter valued at approximately $23,285,000. BNP Paribas Financial Markets lifted its holdings in shares of Oshkosh by 154.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company's stock worth $16,044,000 after buying an additional 97,282 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Oshkosh by 29.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company's stock worth $29,675,000 after purchasing an additional 71,911 shares during the last quarter. Edgestream Partners L.P. lifted its stake in shares of Oshkosh by 704.3% during the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company's stock worth $6,817,000 after purchasing an additional 59,566 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Oshkosh during the 3rd quarter worth $5,375,000. Institutional investors own 92.36% of the company's stock.
Oshkosh Stock Performance
OSK stock traded up $0.62 during trading on Wednesday, hitting $95.99. The company had a trading volume of 883,582 shares, compared to its average volume of 732,119. 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 firm has a 50-day moving average price of $100.66 and a 200-day moving average price of $103.11. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98. The firm has a market cap of $6.19 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.
Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. On average, analysts expect that Oshkosh Co. will post 10.96 earnings per share 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 dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.13%. This is an increase from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh's dividend payout ratio is presently 19.71%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Truist Financial upped their price objective on Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Citigroup reduced their target price on Oshkosh from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Evercore ISI upped their target price on Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. upped their target price on Oshkosh from $115.00 to $127.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, KeyCorp upped their target price on Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a research 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $125.92.
Check Out Our Latest Stock 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.
See Also
Before you consider Oshkosh, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oshkosh wasn't on the list.
While Oshkosh currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
